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Crypto Technicals: ETH/USD holds 21-EMA support (167), weakness only on break below

Monday, May 6, 2019 1:28 PM UTC

ETH/USD chart - Trading View

Exchange - Bitfinex

Support: 0.3040 (trendline); Resistance: 0.3238 (100-DMA)

Technical Analysis: Bias Slightly Bullish

- ETH/USD holds 21-EMA support, trades 1.40% higher at 173.40 at 1215 GMT

- The pair is trading with a slightly bullish bias, scope for test of 179 (Upper BB)

- Stochs and RSI are biased higher, price action above cloud and major moving averages

- Golden Cross (Bullish 50-DMA crossover on 200-DMA) keeps scope for upside

- Weakness likely on break below 21-EMA. Dip till 50-DMA at 160 likely

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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Crypto Technicals: ETH/USD holds 21-EMA support (167), weakness only on break below

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