ETH / USD faces technical resistance around 37156: Sally Ho's technical analysis 29 May 2021 ETH

Ethereum (ETH / USD) traded as low as the 2412 zone earlier in the Asian session, after trading as low as the 2412 zone during the North American session, while the pair gained value to 2511.68, with the lowest between the days, with slight gains between the days below the recent 38.2% retracement. did. the discretion range is between 1728 and 2913.68. Traders pushed ETH / USD down from the 2679.63 zone during the European session, and a higher push in the North American session was just below the 23.6% retracement from the range from 1728 to 2913.68. Selling pressure in the 3567.40 region has recently increased and the pauses have been selected under various downside price targets and potential technical support areas, including 3485.38, 3212.13, 2938.87, 2725.38, 2600.77, 2549.82, 2451.84, 2334.65, 2178.29, 2054.25, 1987.71, 1944. 1912.06 and 1874.99 levels. Possible levels of technical support during retreats include 1783.89, 1755.41, 1730.47, 1456.03, 1371.71, 1317.79, 1229.48 and 1103.49. During the recent appreciation to a record high around 4384.43, Stops were selected over the areas 3987.65, 4113.81 and 4136.61, the upward price targets related to the historical buying pressure emerging around the number 90. Other upward project targets include the levels 4453.47, 4471.68, 4522.73, 4550.12 and 4609.38. Investors noted that the 50 bar MA (4 hours per hour) is below the 100 bar MA (4 hours) and the 200 bar MA (4 hours) in the downward trend. It also shows that the 50 bar MA (per hour) is rising above 100 bar MA (per hour) and 200 bar MA (per hour). The price activity is closest to the 50 bar MA (4 hours) at 2536.42 and the 200 bar MA (per hour) at 2539.26. Technical support is expected to stop below around 1860 / 1783.89 / 1755.41. Technical resistance is expected to stop at around 3122.22 / 3420.10 / 3788.66 and above. On the 4-Hour chart, the SlowK is below the SlowD in the bearish trend, and the MACD is below the MACDA average. On a 60 minute chart

Join the Discussion

  • BrokerEUR/USD
    City Index 0.5pips (fixed) margin: 3.33%
  • Back to top