Connect with us


Now seems poised to test sub-100 level



   •  Crypto market suffered another round of a large sell-off on Tuesday, dragging Ethereum (ETH/USD) to an intraday low level of 124.25 – the lowest since May 2017.

   •  Near-term oversold conditions helped the digital currency to bounce off lows, tough the technical set-up points to an extension of the well-established bearish trend.

   •  Given last week’s bearish breakthrough a consolidative trading range, a sustained weakness below the $200 mark was seen as a key trigger for bearish traders.

   •  A follow-through selling below July 2017 lows has now set the stage for a test of a descending trend-line support – extending from lows set in late Dec. 2017, April and Sept. 2018.

Ethereum weekly chart


    Last Price: 132.66
    Daily change: -1.5e+3 pips
    Daily change: -10.5%
    Daily Open: 148.15
    Daily SMA20: 197.77
    Daily SMA50: 204.99
    Daily SMA100: 227.85
    Daily SMA200: 378.57
    Daily High: 177.53
    Daily Low: 144.94
    Weekly High: 213.44
    Weekly Low: 168.54
    Monthly High: 235.43
    Monthly Low: 186.8
    Daily Fibonacci 38.2%: 157.39
    Daily Fibonacci 61.8%: 165.08
    Daily Pivot Point S1: 136.21
    Daily Pivot Point S2: 124.28
    Daily Pivot Point S3: 103.62
    Daily Pivot Point R1: 168.81
    Daily Pivot Point R2: 189.46
    Daily Pivot Point R3: 201.4


© 2019 - Doctor Bitcoin. All Rights Reserved.