Analysis Editor's Picks

ETH/USD: technical analysis course, 22-23 December 2018

Price Ethereum formed the correction range within the levels of $114,20 $105,00. Before the end of the week possible lateral movement of the pair of ETH/USD in the indicated range.

The four-hour chart the ETH/USD

At the time of the market review Ethereum to the United States dollar is trading at $111,12 above the support level of $110,70, who previously, at the end of the last trading session was broken bears. Decrease in quotations of ETH/USD reached its session low at the level of the price adjustment is 32.2% with the value on the price scale $105,00.

22 декабря ETHUSD H4
22 Dec ETHUSD H4

Resistance daily growth rates of Ethereum, in the course of the session, the bears formed at the level of the price adjustment of 14.8% with a mark – $114,20, it Should be noted that the resistance level increases, the moving average EMA200 with the current value of $113,70.

At the moment a pair of ETH/USD remains in a precarious balance at the support level of $110,70. The breakdown of the marked level of support down will lead to lower prices ETH at least a basic level of support – $105,00.

In turn, the bulls to continue the upward movement of the price of Ethereum, it is necessary to gain a foothold above $114,20 for the consolidation of additional volumes.

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