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ETH/USD: technical analysis course on December 10-11 2018

Bears on the market Ethereum consolidate volumes to absorb the support prices for key $83,30.

The four-hour chart the ETH/USD

For graphics ETH/USD four-hour trading period for the period 10-16 Dec designed the key levels of support and resistance.:

  • pivot – $96,30;
  • support levels– $83,30/$75,20/$62,20;
  • resistance levels– $109,40/$117,40/$130,40.

At the time of the market review at the end of the American session, the Ethereum to the United States dollar is trading at $88,40 with decrease in quotations against session high price of $94,62.

10 декабря ETHUSD H4
10 Dec ETHUSD H4

Short-term trend of a pair of ETH/USD is in a downtrend, its current price is below the pivot level of $96,30 the pressure of the moving average EMA14 with the value on the price scale $90,80.

Temporary support for the Ethereum likely buyers will have a $86,70, which earlier, on 8 December, the bulls have already managed to stop the decline in prices.

If today the bulls are not active in purchases of ETH, we should expect a sharp rise in the sales volume and the likely breakdown of key support level of $83,30 strong down momentum.

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