CapMoore

ETH/USD Finding Support By The Crucial $750 Level Feb 8 2018

BITSTAMP:ETHUSD   Ethereum / Dollar
Price put in a large green wick candle piercing the
Yearly pivot point and closing above the Monthly S1
at 750. Yesterday saw price move up and test the Cloud
from below after which it sold off and closed right at
the important 750 level. Today again we see price
advance and is currently by the S/R level at 825.
Bulls would like to see a return inside the Cloud on a
closing basis and also a close above the Weekly pp
at 930. It would be natural, in such a scenario to
see some consolidation and a bullish MACD cross
before price tries to breach the Cloud to the upside
and reestablishes the uptrend.
Another scenarion is to see price consolidate below
the Cloud and above the 750 mark, to find bull strength
to make a move up.
To the downside, if price fails and close below the
750 handle, chances are we will see price move towards
the 670 support level and possibly a retest of the
current low. Even that would be natural in a process of
carving out a medium term bottom. Thus, the 750 level
is the line in the sand right now, to keep an eye on.
Great analysis. Thank you for your time.
Antworten
Deutsch
English
English (UK)
English (IN)
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden