ETH/USD is trading sideways

in hive-159906 •  5 years ago 

ETHUSDDaily.png

Hey, I am not an expert, neither this is financial advice.

Etherum seems like trading in sideways, however it is well above 200 day MA, so very well supported as long as it is above 177 level.

On the upside, it would encounter resistance at 226.0. There is no convincing up-move or down-move at the moment. So those who love scalping can go for within the range of 177 to 226.

In the daily chart, the 50, 100, and 200-day moving average are likely to offer support and at the moment and it still being guided by the sentiment around Bitcoin.


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Thanks @sapwood for joining the LAKSHMI community. Try to post, one post each day in community and get benefits. This post got 100% upvote as our policy.

Thank you @mehta,

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I will post daily and bring some good stuff related to crypto world and other finance related topics to this community. But curation is a kind of motivation you know, if you can curate daily, it will be sustainable for users like me.

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