Sally Ho's Technical Analysis 22 September 2019

26m
cryptodaily

Bitcoin Sheds $10,000 Support Again Ahead of Bakkt Launch

1h
newsbtc

SEC Driving Cryptocurrency To China: Interview With DECENT

2h
bitcoinwarrior

Is Bitcoin the Answer to the Bond Bubble?

2h
beincrypto

Everipedia co-founder Sam Kazemian is building a better stablecoin with Frax [INTERVIEW]

4h
cryptoslate

Binance US unavailable in 13 major states including Washington

4h
bitcoinwarrior

Everipedia co-founder Sam Kazemian is building a better stablecoin with Decentral [INTERVIEW]

4h
cryptoslate

Armenian IT Company Accused of Illegal Electricity Use to Mine Crypto

5h
cointelegraph

Coinbase Considering Support for 17 Additional Digital Assets

5h
dcebrief

Venezuela’s Monthly Inflation Rate Spiked to 62.5% in August 2019

5h
nulltx

Swiss University Fights Fake Diplomas With Blockchain Technology

5h
cointelegraph

Ripple’s XRP Faces Steep But Healthy Consolidation

6h
zycrypto

Top 5 Ethereum Faucets to Start Earning Ether in 2019

6h
cryptoglobe

A New All-Time High For Bitcoin May Take Another 300 Days – Yoni Assia

7h
zycrypto

Blackstone CEO Hates Bitcoin but Loves Blockchain

7h
beincrypto

Two Firms to Build Blockchain-Based Solution for European Shipping

7h
cointelegraph

Crypto Tidbits: Bakkt Bitcoin Futures Inbound, NASA Hints at...

7h
newsbtc

History Suggests Bitcoin is Currently in Early Stages of Next Bull Run

7h
cryptonewmedia

10 Best Performing S&P 500 Stocks Since 2000. You’ll Never Guess…

8h
cryptonewmedia

Bitcoin Magazine Week in Review

8h
cryptonewmedia

Real-Time Strategy Game for Mining ‘Crypto Gold’ Launches on WAX

8h
cointelegraph

North Korea’s crypto countermeasures are an answer to Bitcoin

8h
cryptonewmedia

Colombia Seeks to Up the Ante on Crypto Legislation

8h
livebitcoinnews

Libra Claims it is Not an “Investment”; 2020 Launch Fixed Despite…

8h
cryptonewmedia

Bitcoin At $25,000 and Ether At $1,000 Will Happen Before End of Year, Says Author William Mougayar

9h
zycrypto


ETH/USD Price Broke Up $258 Level, Exposed $289

Photo: Shutterstock

Supply Zones: $258, $289, $318 Demand Zones: $225, $191, $102

The bullish momentum propelled Ethereum price to break up the two dynamic support and resistance level and the bullish momentum extended to the supply zone of $258. The mentioned level was penetrated and the bullish candle closed above the level; it indicates that the rise in the price of Ethereum may continue.

Currently, ETH price is carrying out a pullback at $259 before the bullish trend continues. The 21 periods EMA is crossing over the 50 periods EMA, Ethereum price is trading above the two EMAs as a bullish sign. After the price retest, the bullish momentum may place the price at $289 level in case the Bulls defend the $259 level.

The histogram of the Moving Average Convergence Divergence period 12 is above the zero levels with the signal lines pointing upside which implies a continuation of the price increase.

On the 1-hour chart, the 21 periods EMA and 50 periods EMA are bending up with the Ethereum price trading above the two EMA. The Moving Average Convergence Divergence period 12 with its histogram is below the zero levels and the signal lines are bending down to indicate sell signal which may be a pullback.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments