• Fri, 15 Nov 2019, 07:00 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: ETH/USD fails to extend recovery, resumes weakness, 167.50 (Oct 6 low) in sight

Fri, 18 Oct 2019, 06:41 am UTC

ETH/USD chart - Trading View

Exchange - Coinbase

Support: 167.50 (Oct 6 low); Resistance: 179 (converged 5 and 20 DMAs)

Technical Analysis: Bias Bearish

ETH/USD struggles to extend recovery above 179 mark, bias remains bearish.

The pair is extending weakness on the day, following slump in Bitcoin prices.

ETH/USD was trading 2.22% lower on the day at 173.46 after closing 1.61% higher on Thursday's trade.

Price action is extending weakness below 20-DMA support and is now on track to test Oct 6th lows at 167.50.

Major and minor trend are bearish as indicated by GMMA indicator. Break below 167.50 will see test of trendline support at 158 level.

Volatility is low. Bullish divergence could limit downside.

Also Stochastics oscillator on weekly charts has approached oversold zone.

Retrace above strong resistance at 179 (nearly converged 5 and 20 DMAs) to see more gains. Bearish invalidation only above 200-DMA.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,642.95 (-1.27%)
  • Ethereum (ETH) $184.55 (-1.18%)
  • XRP (XRP) $0.266500 (-1.97%)
  • Bitcoin Cash (BCH) $275.50 (-2.05%)
  • Litecoin (LTC) $59.55 (-1.04%)
  • Bitcoin (BTC) $8,642.95 (-1.27%)
Nov 14, 2019 (Thursday)
12:14
Amun AG launches Tezos ETP on Swiss SIX Exchange; makes available 7 crypto ETPs on Boerse Stuttgart
11:38
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:37
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
10:59
Samsung SDS integrates QEDIT’s private asset transfer solution with Nexledger blockchain
10:46
Crypto Technicals: BTG/USD slips lower to test 4H 200 SMA, break below to see more downside
10:11
ASX-listed firm DigitalX launched new bitcoin fund
09:23
Telegram denies all SEC allegations concerning its gram token and sale
08:23
Crypto Technicals: XMR/USD pauses shy of 110-EMA (67.251), break above to fuel more gains
07:17
AFME calls for a common approach for regulation of crypto-assets in Europe
06:49
Crypto Technicals: XRP/USD edges higher from fresh 3-week lows at 0.2565, bias strongly bearish
06:21
Chinese bitcoin mining giant Canaan seeks to raise $100M in US IPO
05:20
Crypto Technicals: LTC/USD breaks below 21-EMA, eyes 50-DMA at 57.28
05:19
Crypto data provider Messari raises $4M from Uncork Capital, Coinbase Ventures and others
04:35
Crypto wallet startup Bitski secures $1.8M from Winklevoss Capital, Coinbase and others
04:06
Crypto Technicals: BTC/USD confined to narrow range trade, 5-DMA caps upside at 8814
Nov 13, 2019 (Wednesday)
13:19
CME sets January 13 as target date for bitcoin options launch
12:25
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:25
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:17
HSBC, SGX, Temasek explore DLT for end-to-end digitalization of fixed income securities
11:18
Crypto Technicals: LTC/USD trade rangebound, holds support at 21-EMA (60.12)
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft