Ethereum Price Technical Analysis 04/01/2016 – Short-term Turning Point
Ethereum price tested the last swing high of $12.12 a couple of times yesterday, but the bulls failed to break the stated level. As a result, there was a downside move, which took ETH/USD below a couple of bullish trend lines formed on the hourly chart (data feed via Kraken). ETH sellers took charge and succeeded in taking the price down against the USD.
The most important aspect is that the price is now below the 100 hourly simple moving average. So, if the price corrects higher from the current levels, then it could find offers near the broken trend lines and the 100 hourly SMA. Selling can be opted near the 100 SMA, but with a stop of not more than 1 point...
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Topic: [2016-04-01]Ethereum Price Technical Analysis - Short-term Turning Point (Read 294 times)
April 01, 2016, 02:41:06 PM
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