Ethereum: USD/ETH (ETH=) price moves between $185 and $171 in the last week
Ethereum has been one of the high performing assets this year. The coin moved as high as $318 in the past 90-days. ETH started the year trading at $134 and it is currently moving above this value. It may cross past $185 in the upcoming days and the current market performance of the ETH coin may change in the upward direction.
Ethereum Price Analysis
As on October 6, 2019, at 02:44:02 UTC, the price of Ethereum is noted to be $175.32 and it is moving in the downward direction. ETH has recorded a dip of over 5.6% in the last 5 days slumping from $185.74 to its current price. The coin moved from $185.74 to $174.01 within a day but then recovered quickly to rise up to $180.55 again. It again fell and hit $171.58 before climbing back to $179.29. ETH coin may recover from its current price soon.
Ethereum can be expected to move within $190 for the next few weeks but for that, it may jump up to its crucial resistance $183 and may start trading above it. ETH price may cross its 30-Day high value of $222 by the end of the year. This is a good time to plan long-term investments in the Ethereum and start saving up for future benefits. To avoid any losses in short-term trading, traders should consider following resistance and support levels:
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 195.17.
The projected upper bound is: 193.37.
The projected lower bound is: 143.95.
The projected closing price is: 168.66.
A black body occurred (because prices closed lower 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 25 white candles and 25 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 42.8003. This is not an overbought or oversold reading. The last signal was a sell 14 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 40.87. 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 sell 16 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 -59. This is not a topping or bottoming area. The last signal was a buy 8 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 sell 12 period(s) ago.
Rex Takasugi – TD Profile
FOREX ETH= closed down -8.230 at 168.940. Volume was 94% below average (consolidating) and Bollinger Bands were 25% wider than normal.
Open High Low Close Volume___
172.850 173.660 165.880 168.940 4,366
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 174.18 183.90 209.13
Volatility: 56 85 89
Volume: 77,351 72,618 65,212
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 19.2% 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 9 periods.