Ethereum Midday update for 23rd May, 2019

Ebitcoinics Analytics   23 May, 2019   www.economies.com   Views: 274

Ethereum price trades with clear negativity now to break the symmetrical triangle’s support line and heads towards potential test to the key support 225.00, which urges caution from the upcoming trading, as continuing the negative pressure and breaking the mentioned level will force the price to suffer more losses and head towards 194.00 areas initially, while breaching 250.00 will reactivate the positive scenario that its next main target located at 300.00.

 

The expected trading range for today is between 220.00 support and 270.00 resistance

The expected trend for today: Neutral


NB:


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




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