Analysis Editor's Picks

ETH/USD: technical analysis course, January 5-6, 2019

The bulls have enough market support to keep the price of Ethereum above the key level of $154,90.

The four-hour chart the ETH/USD

At the opening of the current trading session, the buyers of Ethereum broke the resistance of the sales at the key level of $154,90. Daily maximum rates recorded in the early hours of the Asian trading session at $160,62.

At the time of the market review pair of ETH/USD is trading at $156,30. The analysis of the four-hour chart of the pair shows that during day trading, buyers managed to consolidate above the pivot.

5 января ETHUSD H4
5 Jan ETHUSD H4

Support for the ETH has a price moving average EMA14 with the current value of $152,84. In the case of breaking the support down, which should not be ruled out with a slight preponderance of volumes of open positions on scriptactive, reduction of price is possible in the range of values $of 153.00-150,00.

Data of the relative strength index indicates the probability of the growth rates of the cryptocurrency or at the very least – the movement of prices in the short horizontal channel with a bottom border on the line key level of $154,90.

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