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ETH/USD: technical analysis course, 22-23 January 2019

The ratio of open short and long positions in Ethereum 24 hours indicates the active set of large positions in the cryptocurrency.

The four-hour chart the ETH/USD

In the first hours of the American trading period a pair of ETH/USD posted session high price at $119,50.

Trigger growth of quotations ETH today began testing the sellers support price level of correction 61.8%-$111,20. A false breakout of the level of price Ethereum has recorded a new low at $110,40.

22 января ETHUSD H4
22 Jan ETHUSD H4

At the time of the market review Ethereum to the United States dollar is trading at $118,50. The pair has support at the level of the moving average values of EMA14-$117,42.

The value of the relative strength index is in the purchase area, the indicator line has a tendency to turn down, which gives a preliminary signal of the beginning of correction of the daily upward movement of scriptactive.

At the auction on Ethereum January 23, the bulls will likely attempt to gain a foothold above the key level $of 120.60 on the line the price adjustment of 50.0%.


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