Ethereum Price Technical Analysis – ETH/USD Holding 100 SMA

in #ethereum • 7 years ago

·After a move towards $375, ETH price started correcting lower against the US Dollar.

·There is a connecting bearish trend line with resistance at $370 formed on the hourly chart of ETH/USD (data feed via SimpleFX).

·The pair is holding an important support at $335 and the 100 hourly simple moving average.

Read more here: http://www.newsbtc.com/2017/06/19/ethereum-price-technical-analysis-ethusd-holding-100-sma-2/

#price #money #cryptocurrency #market
7 years ago in #ethereum by
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     7 years ago 

    Keep track of China's planned currency manipulation if you want to invest in cryptocurrencies. That was the primary driver of the last big rush (in my opinion).

    To @denha's point, you can't go off technicals alone with any investment. But technicals are typically a good guide of understanding past performance and potential resistance levels.

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     7 years ago 

    Don't rely only on technical analysis. You can't predict movement just on the base of the history, especially this new market. Just feel it. I'm saying it as a stock trader for 10 years almost.

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