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ETH/USD negotiating with resistance at the SMA 20 curve

  • Transferring Common Convergence/Divergence (MACD) signifies rising bearish momentum.
  • The Elliott Oscillator has had three straight crimson classes.

ETH/USD re-entered the $180-level as the value went up from $179.95 to $180.15 in the early hours of Saturday. The bulls have taken management after two straight bearish days, whereby ETH/USD dropped from $188.10 to $179.95. The hourly breakdown of Friday and Saturday exhibits us that after encountering intraday resistance at $184, ETH/USD dropped dramatically to $179.50 in simply two hours. Following that, it managed to get better its value to $180.15.

ETH/USD each day chart

ETH/USD is trying to break above the resistance offered by the 20-day Easy Transferring Common (SMA 20). The 20-day Bollinger jaw has significantly narrowed, indicating reducing value volatility. The Transferring Common Convergence/Divergence (MACD) exhibits rising bearish momentum, whereas the Elliott Oscillator has had three straight classes.
 

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