Wednesday , December 12 2018
Home / News / Ethereum / ETH/USD danger still looms of a possible fast move below $200, given rising wedge pattern

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

Check Also

Bitcoin, Ethereum en Ripple koersen lijken crash afgeslagen te hebben – Newsbit.nl

Vandaag, maandag 10 december zien we dat de cryptocurrency markt weer groen kleurt. De Bitcoin, …

Bitcoin And Ethereum Daily Price Forecast – BTC & ETH Lose Weekend’s Positive Price Action

The crypto market has stabilized after the current collapse to new multi-month lows, from the …