Tuesday , October 23 2018
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ETH/USD danger still looms of a possible fast move below $200, given rising wedge pattern

  • Ethereum value on Tuesday stays on the again foot, nursing losses round 2%. 
  • ETH/USD value motion is transferring inside a rising wedge pattern, at present being examined to the draw back. 
  • There would not look like an excessive amount of assist between present ranges and $200. Ought to the wedge fail to carry, a fast move could also be seen right down to sub-$200 territory. 

 

ETH/USD 60-minute chart 

 
 

Spot fee:                  227.58

Relative change:      -1.90%

Excessive:                         232.40

Low:                          226.51

 

Pattern:                       Bearish

 

Assist 1:                 226.50, decrease half of rising wedge. 

Assist 2:                 220.53, assist on 60-minute.

Assist three:                 213.30, 29th September low.

Resistance 1:            235.00, provide space.

Resistance 2:            243.05, higher half of rising wedge.

Resistance three:            250.00, resistance & psychological space. 

About Tom Greenly

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