ETH/USD is trading above the 13.00 mark on Wednesday and has hit 13.47 levels so far in the day. It is currently trading at 13.23 levels (Kraken). Long-term trend: Bullish Short-term trend: Bullish Ichimoku analysis of d…
By Shampa Mani
Updated 1 min read
Image from the original EconoTimes article
ETH/USD is trading above the 13.00 mark on Wednesday and has hit 13.47 levels so far in the day. It is currently trading at 13.23 levels (Kraken).
Long-term trend: Bullish
Short-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 13.37
Kijun Sen: 12.90
Trend reversal: 11.99 (90 EMA)
The pair is struggling to close above 13.23 levels (10-day MA) from past couple of days. Only a consistent break above this level would see a further jump till 14.45 (September 20 high)/15.03 (127.2% retracement of 14.45 and 12.30).
On the flipside, support is seen at 12.58 (21 DMA) and a break below would weaken the pair to 12.30 (September 22 low)/11.99 (90 EMA).
