Ethereum's ETH Technical Analysis: ETH/USD chart.
Ethereum's ETH Technical Analysis: ETH/USD chart.
In this review, I would like to talk about some important things that can be seen in the Ethereum graph above. Let's start from the beginning
1. I added 2 red lines that show solid support in the 81.33 area and resistance in the 167.60 area, that these words are written we are still within this range.
2. The red circles are located in two places where the Ethereum tried to break the resistance without success.
Yesterday we had another attempt to break the Ethereum price resistance that succeeded for a while and then became Star Candlestick, the definition of this candle is-"Small-bodied candles in the star position often suggest that market participants are becoming indecisive and that the strength of the current trend could be reversing" (according to Investopedia).
Technical Indicators
After analyzing all of the parameters mentioned above we recommend a sell signal as long as the Ether does not break the resistance.
Sell Ethereum:
Entry price:161.30
Take profit: 102
Stop loss:180
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Disclaimer. This content is for informational and educational purposes only. It does not constitute financial advice, a recommendation, or an offer to buy or sell any security or digital asset. Past performance does not guarantee future results. Cryptocurrency investments are subject to high market risk and volatility.