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ETH/USD faces strong support at $13, good to buy at dips

  • Major intraday support - $13 (21 day MA)
     
  • Major resistance- $14
     
  • The pair has declined till $13 and slightly shown an upside momentum. The pair is facing a stiff resistance of $14 and any break above will take the ethereum till $14.40/$14.85 in the short- term.
     
  • On the down-side minor support is around $13.60 and any violation below $13.60 will take the pair down till $13.40/$13.20/$13
     
  • The pair should close below $13 for minor weakness till $11.85/$11.20 level. Short term weakness only below $10.
     
  • Ethereum minor trend is slightly bullish and buying in this pair is happening only at lower levels.

It is good to buy at dips around $13.40 with SL around $13 for the TP of $14/$14.85

 

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