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ETH/USD: technical analysis course, 6-7 December 2018

The bears overcame the price support at the psychological level of $100.00 per coin ETH and develop the downward movement ETH/USD towards the next key level at $86,40.

The four-hour chart the ETH/USD

Three hours before the end of the trading session on December 6, the Ethereum the dollar traded at $of 95.90. During afternoon trading the bears are “pushing” down the price support at the key level of $to 96.70.

Session at least a pair of ETH/USD was fixed at $93,90, updating it and yearly low prices.

6 декабря ETHUSD H4
6 Dec ETHUSD H4

On the major exchanges experienced a sharp increase of volumes of open short positions and a decline in long positions, which in turn indicates the absolute predominance on the market of Ethereum bearish sentiment.

Data technical indicators amplify the signals on the sale of scriptactive. On the four-hour chart the ETH/USD values of relative strength index in oversold territory, but the RSI line is pointing down, indicating the absence of support prices from the bulls.

In that case, if the current session will conclude with quotes Ethereum below $to 96.70, it is expected that in the course of trading on scriptactive 7 December, the bears will come close to the level of $90,00 to test it, and the goal of the week for sellers will be a break of the key support level at $86,40 per coin, ETH.

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