Ethereum price loses momentum – Analysis - 16-08-2018
Economies.com
2018-08-16 04:38AM UTC
Ethereum price shows some bearish bias now after approaching from the EMA50, motivated by the negative signal that comes from stochastic, reinforcing the chances for resuming the main bearish trend, which organizes within the bearish channel that appears in the image.
Therefore, we wait for negative trading to target 175.00 levels mainly, reminding you that holding below 330.00 is important for the continuation of the expected decline.
Expected trading range for today is between 200.00 support and 330.00 resistance
Expected trend for today: Bearish
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