Ethereum (ETH) is fluctuating below $1,600 as the altcoin reaches the overbought region. Moreover, the price action is characterized by small indecisive candlesticks. The candlesticks indicate that buyers and sellers are undecided about the direction of the market.
Later, sellers might have the upper hand as the altcoin is trading in the overbought region. However, if the altcoin rises back above the $1,500 support, the bulls will break the $1,600 resistance. This will propel Ether to rise to the $2,013 high. On the other hand, if Ether leaves the $1,600 resistance, it could fall to a low of $1,319. Meanwhile, the largest altcoin is trading at $1,545.75 as this article is being written.
Анализа показатеља Етхереум
The largest altcoin is at level 60 of the Relative Strength Index for period 14, indicating that Ether is in an uptrend but failed to break through resistance at $1,600. The altcoin is above the 80% area of the daily stochastic. This indicates that the altcoin is in the overbought region of the market. The Ether price is fluctuating in the overbought region of the market. The 21-day line SMA and the 50-day line SMA are up, indicating an uptrend.
Кључне зоне отпора: 2,500 УСД, 3,300, 4,000 УСД
Кључне зоне подршке: 2,000, 1,500, 1,000 долара
Који је следећи правац за Етхереум?
Ethereum is in a sideways movement as the uptrend ends at the high of $1,600. The largest altcoin will decline as it is overbought at the high of $1,600. However, the extent of the selling pressure is not clear. The market will resume its bullish momentum as the altcoin falls and finds support above the moving average lines.
Изјава о одрицању одговорности. Ова анализа и прогноза су лична мишљења аутора и нису препорука за куповину или продају крипто валуте и не треба је сматрати одобрењем компаније ЦоинИдол. Читаоци треба да истражују пре улагања средстава.
Source: https://coinidol.com/ethereum-control-overbought-region/