Analysis Editor's Picks

ETH/USD: technical analysis course, November 8-9, 2018

There is a high chance of lowering the price of Ethereum on November 9 to $208,40 on a dynamic support level.

The four-hour chart the ETH/USD

Less than 4 hours before the close of the session the Ethereum in tandem with the dollar quoted at $212,60.

On the opening day bears a strong reduction of momentum broke through the key support level of $216,50. Session low price Ethereum set at $210,50.

8 ноября ETHUSD H4
8 Nov ETHUSD H4

Buyers ‘ attempts to restore the daily losses encountered strong resistance from the bears below the key level of $216,50.

Given the nature of the price movement of the ETH and the data from technical indicators, we assume that in the course of trading on 9 November, the parties will compete for the mirror $212,00.

There is a high probability of departing the bulls on a dynamic support level $208,40. Support to be formed by a line moving average EMA200.

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