Analysis Editor's Picks

ETH/USD: technical analysis course, 9-10 January 2019

There is a high probability of a breakthrough price of Ethereum resistance at the local level $153,00 during the auction for a pair of ETH/USD on 10 January.

The four-hour chart the ETH/USD

On January 7, the Ethereum trading in a narrow horizontal channel with boundaries $of 153.00 and $148,30. Lower bound of the range formed at a divergent level of short-term trend. To the point, while the bulls will hold the support on the pivot, Ethereum will be to preserve the potential for a quick exit from correction.

At the time of the market review pair of ETH/USD is quoted at $149,80. On the EUR / USD pair is putting pressure EMA14 moving average with the current value on the price scale, the four-hour schedule – $150,70.

9 января ETHUSD H4
9 Jan ETHUSD H4

Values of relative strength index from January 7 located in the sales area, the line RSI14 is currently pointing up at the intersection of the neutral level, indicating the activation of customers and gives early signal to buy scriptactive.

Breakthrough sales resistance at the upper boundary of the range of $153,00, and this scenario is considered as the most probable, will open the buyers the ETH space to achieve short-term goals on key resistance level of $160,60.

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