ETH / USD afgetopt rond 3293 technical evaluation: Sally Ho Technical Analysis August 18, 2021 ETH

Ethereum (ETH / USD) moved междневную to support profit in the early Asian session, i.e. a pair weakened as a level up to 3145.42 after yesterday’s North American session in the trading zone of 3293.15 and междневный to the highest, i.e. test 78.6% with the reduction of the last correction December 3341.47 to 3116.42.   The charts closely track the area of 3130.04, which corresponds to a 23.6% decline in the recent December increase from 2445.58 to 3341.47.  The stoppages were picked up during the recent upswing of 3235.10 and 3266.37, price growth targets linked to buyer pressures that occurred around 1718.41 in July.  Additional reverse correction levels and potential technical resistance areas include zones 3448.52, 3744.53, 3757.51, 3815.95 October 3857.25.

Düzeltme correction levels down to highs then go and include a possible technical support in the area 3130.04, 3060.76, 2999.24, 2958.43, 2893.53, 2887.09, 2787.81, 2746.74, and 2721,46 fields.  Traders note that the 50-bar average (4 hours) is rising above the 100-bar average (4 hours) and above the 200-bar average (4 hours).  It also shows a 50-bar average (hour), below the 100-bar average (hour), and above the 200-bar average (hour).

Price activity is closest to a 50-bar average at 3194.25 (4pm) and a 200-bar average (hour) at 3193.46.

Technical support expected in the region 1700/ 1633.51/ 1456.03 you’d expect that to happen with the stops below.

Technical resistance expected to be close 3341.47/ 3420.10/ 3788.66 with stops expected above.

On the 4-hour chart, SlowK is below slow, while MACD is below the Macda average.

On the 60-minute chart, SlowK is below the slow one, while MACD is below the Macda average.

                                                                                                                                                                     

DISCLAIMER: This trade analysis is provided by a third party

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