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ETH/USD: technical analysis course on December 19-20 2018

Bears consolidate large volumes for sale. Before the close of trading on the Ethereum 19 Dec sellers will attempt the breakdown of the support price level of $101,70.

The four-hour chart the ETH/USD

At the end of the session on 19 December, the Ethereum the dollar traded at $103,30. Daily maximum prices were recorded at $107,88 from which a pair of ETH/USD started a correction.

It is expected that by the end of the day buyers will hold positions above the support level of $101,70 the level of the price adjustment of 14.8%.

In the case of a breakthrough marked level of support price reduction Ethereum can reach values in the range of $99.00-97,00.

19 декабря ETHUSD H4
19 Dec ETHUSD H4

Currently, the situational advantage is still for the buyers, as indicated by the data indicator RSI7. The RSI line is supported by the moving average EMA14 and retains a tendency to turn upward. Her cross-down line EMA14 will give a signal about the strengthening of the bearish pressure with attempt to break the support price at $100,70.


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