Ethereum: USD/ETH (ETH=) Dips Below 137.66 Level, Down 4%
Ethereum fell bellow the $137.66 level on Thursday. Ethereum was trading at 137.66 by 03:26 (07:26 GMT) on the Investing.com Index, down 4.00% on the day. It was the largest one-day percentage loss since March 30.
The move downwards pushed Ethereum’s market cap down to $15.23B, 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 $135.26 to $137.93 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a stagnation in value, as it only moved 1.18%. The volume of Ethereum traded in the twenty-four hours to time of writing was $13.03B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $124.8400 to $140.9910 in the past 7 days.
At its current price, Ethereum is still down 90.33% 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.
The projected upper bound is: 178.12.
The projected lower bound is: 91.66.
The projected closing price is: 134.89.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 21 white candles and 29 black candles for a net of 8 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 69.7212. This is not an overbought or oversold reading. The last signal was a buy 19 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 43.99. 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 14 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 71. This is not a topping or bottoming area. The last signal was a sell 5 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 11 period(s) ago.
Rex Takasugi – TD Profile
FOREX ETH= closed up 5.610 at 137.540. Volume was 142% above average (neutral) and Bollinger Bands were 63% narrower than normal.
Open High Low Close Volume___
132.330 139.740 131.440 137.540 705,080
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 134.39 192.09 174.34
Volatility: 73 161 105
Volume: 566,554 420,896 165,720
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 21.1% below its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. 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 33 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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