💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

ETH/USD Technical Analysis: Market trades for $140 as bulls target more growth

Published 03/21/2019, 12:37 AM
Updated 03/21/2019, 12:39 AM
© Reuters.
ETH/USD
-

ETH/USD daily chart

  • ETH/USD daily chart is currently consolidating before getting ready for a breakout.
  • Immediate resistance for the bulls lies at $142.
  • Moving average convergence/divergence shows slight bullish momentum.

ETH/USD 4-hour chart

  • ETH/USD 4-hour chart is trending above 20-day simple moving average (SMA 20), SMA 50, and SMA 200 which is a bullish sign.
  • Even though the last session was bearish, it was trending close to the upper curve of the 20-day Bollinger band.
  • The Bollinger band’s narrowing shows that market is decreasing in volatility.

ETH/USD hourly chart

  • The ETH/USD hourly chart was consolidating inside the green cloud of the Ichimoku indicator before it underwent a bearish breakthrough.
  • Despite that one bearish movement, the Elliot wave histogram shows an increasing bullish momentum.

Key Levels

  • Resistance 3: $145.78
  • Resistance 2: $143.27
  • Resistance 1: $141.76
  • Pivot Point: $139.25
  • Support 1: $137.73
  • Support 2: $135.22
  • Support 3: $133.71

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.