Ethereum Price Analysis: ETH Facing Significant Resistance Near $97BTC Casino / 12th December 2018
Ethereum price declined heavily after forming a top near the $125 level against the US Dollar.
There is a major bearish trend line formed with resistance near $96 on the 4-hours chart of the ETH/USD pair (data feed from Coinbase).
The price is likely to correct higher, but it may face a strong resistance near $96-97.
Ethereum price is in a downtrend below the $100 level against the US Dollar. ETH is likely to face a strong barrier near the $97 level if there is an upside correction.
Ethereum Price Analysis
There was a major decline initiated from the $126 level in Ethereum price against the US Dollar. The ETH/USD pair declined heavily during the past few days and broke the $110, $100 and $90 support levels. A new yearly low was formed at $51.54 and later the price started consolidating losses. It corrected a few points and traded above the $88 and $90 levels. There was also a break above the 23.6% Fib retracement level of the last decline from the $126 high to $81 low.
However, the price struggled to gain pace above $97 and it stayed well below the 55 simple moving average (4-hours). More importantly, there is a major bearish trend line formed with resistance near $96 on the 4-hours chart of the ETH/USD pair. The trend line coincides with the $97 resistance zone and the 55 simple moving average (4-hours). Therefore, it won’t be easy for buyers to clear the $96-97 resistance zone. Above $97, the price could test the 50% Fib retracement level of the last decline from the $126 high to $81 low.
Looking at the chart, Ethereum price remains in a downtrend and an upside correction could face sellers near $96 or $97.
Looking at the technical indicators:
4-hours MACD – The MACD for ETH/USD is still in the bearish zone.
4-hours RSI (Relative Strength Index) – The RSI is just near the 50 level.
Key Support Level – $91
Key Resistance Level – $97
The post Ethereum Price Analysis: ETH Facing Significant Resistance Near $97 appeared first on Live Bitcoin News.
Soi kèo Đông Timor vs Thái Lan lúc 19h00 9/10 hôm nay : Đối thủ quá sức
Wednesday November 07, 2018
Hiện tại trên các trang soi kèo trận đấu Đông Timor vs Thái Lan không quá khó khăn để đánh giá đội khách hơn hẳn. Đặc biệt với thành tích vô cùng bết bát trong khoảng thời gian gần đây mà còn phải tiếp đón đội bóng hàng đầu của khu […]
The post Soi kèo Đông Timor vs Thái Lan lúc 19h00 9/10 hôm nay : Đối thủ quá sức appeared first on Tin thể thao.