Author Topic: Ethereum (ETH) Daily Price Forecast ? January 10  (Read 668 times)

Offline BitcoinExchangeGuide

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Ethereum (ETH) Daily Price Forecast ? January 10
« on: January 10, 2019, 06:47:16 PM »
ETH/USD Medium-term Trend: Ranging

?   Resistance Levels: $240, $250, $280
?   Support Levels: $150, $130, $110

Yesterday, January 9, the price of Ethereum was in the bearish trend zone.  The crypto?s price had been trading above the $150 price level in the last four days.  It was assumed that the bears would break the $150 price level since it was in the bearish trend zone.

Meanwhile, the crypto?s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.  Also, the stochastic indicator is above the 20% range which indicates that Ethereum is in a bullish momentum and a buy signal.  Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.


ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in the bearish trend zone.  Today, a bullish candlestick broke above the EMA but price pulled back.  The crypto?s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

The Stochastic is out of the overbought region but above the 20% range indicating that Ethereum is in a bearish momentum and a sell signal.  The MACD line and the signal line are below the zero line which indicates a sell signal.


The views and opinions expressed here do not reflect that of BitcoinExchangeGuide. com and do not constitute financial advice.  Always do your own research.
            
Source: www. bitcoinexchangeguide. com

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Ethereum (ETH) Daily Price Forecast ? January 10
« on: January 10, 2019, 06:47:16 PM »

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