Ethereum Around The Moving Average – Analysis - 25TH March, 2019

Ebitcoinics Analytics   25 Mar, 2019   www.economies.com   Views: 322

Ethereum price hovers around 137.24 level and moves above it now, but it’s still below the previously broken bullish trend line, besides moving below the EMA50, which keeps the bearish trend scenario active for the upcoming period, which targets 116.50 level mainly.

 

Note that surpassing 143.00 level will stop the negative scenario and push the price to achieve gains that begin at 154.00 and extend to 170.76 after surpassing the previous level.

 

The expected trading range for today is between 120.00 support and 143.00 resistance

The expected trend for today: Bearish


NB:


This analysis is for information purposes only and does not constitute a trade signal



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