Ethereum: USD/ETH (ETH=) Climbs 10% In Rally
Ethereum was trading at $136.02 by 19:59 (23:59 GMT) on the Investing.com Index on Monday, up 10.01% on the day. It was the largest one-day percentage gain since March 23.
The move upwards pushed Ethereum’s market cap up to $14.83B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $135.58B.
Ethereum had traded in a range of $120.20 to $136.93 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a rise in value, as it gained 19.63%. The volume of Ethereum traded in the twenty-four hours to time of writing was $14.10B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $109.6742 to $151.8461 in the past 7 days.
At its current price, Ethereum is still down 90.44% from its all-time high of $1,423.20 set on January 13, 2018.
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 178.65.
The projected upper bound is: 181.04.
The projected lower bound is: 87.36.
The projected closing price is: 134.20.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 22 white candles and 28 black candles for a net of 6 black candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 43.9245. This is not an overbought or oversold reading. The last signal was a buy 10 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 39.85. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 5 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 13. This is not a topping or bottoming area. The last signal was a buy 7 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 2 period(s) ago.
Rex Takasugi – TD Profile
FOREX ETH= closed up 2.780 at 135.280. Volume was 25% below average (neutral) and Bollinger Bands were 124% wider than normal.
Open High Low Close Volume___
132.140 137.880 130.800 135.280 178,546
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 126.78 208.02 176.46
Volatility: 193 167 104
Volume: 379,414 356,598 141,212
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
FOREX ETH= is currently 23.3% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of ETH= at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on ETH= and have had this outlook for the last 24 periods. Our momentum oscillator has set a new 14-period high while the security price has not. This is a bullish divergence.
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