Ethereum Technical Analysis. When ETH will go up?
Dear ladies and gentlemen,
today wewouldliket provide long-term analytics of the eth/usd pair. At the moment, trendline and momentum strategies show a downtrend and short sales. In the current situation, we consider 3 price levels that will potentially become a support level for future accumulation. For each of the levels, the extreme dates of the crossing of the trend line up are indicated.
The proposed levels are in the price range of 80-100-120 dollars.
Based on the above prices, we can suppose the end of a downtrend that began in the second half of September 2019:
1) 120 usd/eth - March 1, 2020
2) 100 usd/eth - April 20, 2020
3) 80 usd/eth - June 10, 2020
However, earlier purchases are also possible, which will cause a break through the trendline.
At the moment, the overbought stochastic during the current downtrend shows a high probability of continued downward movement below 120 usd / eth.
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today wewouldliket provide long-term analytics of the eth/usd pair. At the moment, trendline and momentum strategies show a downtrend and short sales. In the current situation, we consider 3 price levels that will potentially become a support level for future accumulation. For each of the levels, the extreme dates of the crossing of the trend line up are indicated.
The proposed levels are in the price range of 80-100-120 dollars.
Based on the above prices, we can suppose the end of a downtrend that began in the second half of September 2019:
1) 120 usd/eth - March 1, 2020
2) 100 usd/eth - April 20, 2020
3) 80 usd/eth - June 10, 2020
However, earlier purchases are also possible, which will cause a break through the trendline.
At the moment, the overbought stochastic during the current downtrend shows a high probability of continued downward movement below 120 usd / eth.
If this post was useful for you - please leave your likes and comments, and also follow us on social networks!
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