Analysis Editor's Picks

ETH / USD: technical analysis of the course, March 5-6, 2019

Having fixed above the technical support level of $ 133.20, the ethereum will receive sufficient market support to restore the medium-term uptrend.

Four-hour chart pair ETH / USD

At the time of the market review, the etrium price has broken through sales resistance at the reversal level of $ 132.20 and is adjusted at a strong technical support level of $ 133.20.

Session price maximum is fixed at $ 134.77. The ETH / USD pair is supported by the EMA200 moving average.

March 5 ETHUSD H4
March 5 ETHUSD H4

The value of the relative strength index is in the area of purchases, the indicator line is directed upwards, which indicates a high probability of continued growth of the ethereum price towards the first key resistance level of $ 138.00.

It is expected that by the end of the trading session on March 5 the price of ethereum paired with the US dollar will be fixed in the range of $ 138.00-133.20.

.

Related posts

Russia is not invited to the inauguration of Zelensky

alfonso

Venezuelan Authorities to Govern All Bitcoin Mining, by Decree

ibrahim

G20 to Propose “Robust” Global Rules for Cryptocurrencies in October

Joseph Alalade