ETH/USD has recovered sharply after making a low of $10.50 at the time of writing. It is currently trading at $11.57 (Kraken). Ichimoku analysis (Daily chart): Tenkan-Sen level: $13.06 Kijun-Sen level: $15.79 Trend rever…
ETH/USD has recovered sharply after making a low of $10.50 at the time of writing. It is currently trading at $11.57 (Kraken).
Ichimoku analysis (Daily chart):
Tenkan-Sen level: $13.06
Kijun-Sen level: $15.79
Trend reversal level - (90 4H EMA)-$11.93
“The pair ETH/USD is facing strong support at $10 and any break below confirms short-term weakness”, said FxWirePro in a statement.
Long-term trend remains bullish for the pair and major resistance is seen at $11.93 (90 day EMA) and any break above that level will take the pair till $12.45 (7 day EMA)/ $12.93 (55 day EMA). On the downside, short-term support is likely to be found at $10 (Jun 18th low) and any violation below will drag the pair till $8.45/$7 (Apr 13th 2016 low).
Potential short-liquidation exposure was reported above $85,000 in the week leading up to Oct. 15. A separate cluster near $75,000 has no stated position direction.
Issuance will stay level for about 12 months, then taper to zero over 24 months. Five community-nominated council candidates require confirmation by veHNT holders.
