Connect with us

Hi, what are you looking for?

ELEVENEWS

Ethereum

Ethereum Price Analysis: ETH/USD bears take charge this Monday following four straight bullish days

  • Elliott Oscillator has had 10 green sessions out of the last 11.
  • The MACD indicator shows increasing bullish momentum. 

ETH/USD daily chart

ETH/USD daily chart

ETH/USD fell from $134.50 to $131.25 this Monday, following four straight bullish days, which say the price rise from $125.15 to $134.50. The price has risen to $131.45 in the early hours of Tuesday after bouncing off support at the 20-day Simple Moving Average (SMA 20) curve. The Elliott Oscillator has had 10 green sessions out of the last 11, while the Moving Average Convergence/Divergence (MACD) indicates increasing bullish momentum. Both these tools show that despite this Friday’s bearish movement, the overall sentiment of Ethereum is definitely bullish.

source: fxstreet

Advertisement

You May Also Like

Libra

Ripple CEO Brad Garlinghouse is adamant that Facebook’s unveiling of its Libra cryptocurrency will lead to big business for his banking software and cryptocurrency...

Ripple

When thinking about investing in Ripple (XRP), the digital coin that runs on the Ripple’s payment blockchain system, traders ought to consider what function Ripple might play...

Criptodivisas

(PRLEAP.COM) Superior Coin, a global Cryptocurrency company (www.superior-coin.com), announced today the unique use of it’s blockchain technology in regards to privacy, and security. With...

Ripple

Many of the investors are looking for cryptocurrencies which can actually rise significantly in 2018. Most of the investors are looking at the lesser...

Copyright © 2020 Elevenews