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ETH / USD: technical analysis of the course, February 19-20, 2019

At the ethereal auction on February 20, the etririum price may roll back to the support level of $ 140.00.

Daily chart ETH / USD

At the opening of the American trading period on February 18, the price of the etherium with a strong upward impulse broke through resistance at a dynamic level of $ 139.85, formed along the line of the moving average EMA100.

In the first half of the current trading session, the bulls updated the maximum price of the last session at $ 147.80 and marked a new thirty-day high at the local resistance level of $ 149.50.

February 19 ETHUSD 1D
February 19 ETHUSD 1D

The relative strength index data indicates a strong overbought of the trading instrument, the RSI14 line tends to turn down, which gives an early signal about the beginning of the price correction.

The nature of the movement of the etirium price paired with the US dollar at auction on February 19 indicates a depletion of the upward momentum. It is expected that in the next 24 hours the decline in the ETH / USD pair will reach a dynamic level of support in the $ 140.00 price area.


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