Saturday , September 19 2020
Home / Ethereum / ETH/USD bulls start strong after four straight bearish days

ETH/USD bulls start strong after four straight bearish days

  • ETH/USD has gone up from $168.50 to $169.70 thus far this Saturday.
  • The relative power index (RSI) indicator is trending alongside the oversold zone.

Ethereum bulls managed to start strong this Saturday following four straight bearish days. ETH/USD has gone up from $168.50 to $169.70 thus far this Saturday. During the last four days, ETH/USD has fallen from $188.50 to $168.50, charting a 10.60% drop in worth. The hourly breakdown exhibits us that the worth fell to $167.55, the place it discovered help and bounced as much as $169.80. ETH/USD trended there horizontally for a bit after which fell to $167.65. The bulls then took management and put the worth as much as $169.70.

ETH/USD each day chart

ETH/USD each day worth chart has discovered resistance on the downward trending line and is trending under the 200-day easy transferring common (SMA 200), SMA 50 and SMA 20 curves. The SMA 200 is seeking to crossover the SMA 50 curve and chart the demise cross sample. The Elliott oscillator exhibits four straight bearish classes whereas the transferring common convergence/divergence (MACD) indicator exhibits three consecutive bearish classes. The relative power index (RSI) indicator is trending alongside the oversold zone.
 

About Tom Greenly

Check Also

BTC eyes drop to $10,500?

MicroStrategy, a publicly-traded enterprise intel agency, has just lately purchased a further $175 million price …

Bitcoin en Altcoins laten tekenen van opwaartse voortzetting zien – Cryptonews Netherland

De Bitcoin-prijs wint aan kracht en piekte zelfs boven de weerstandszone van $11.000. BTC corrigeert …