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FxWirePro: ETH/USD faces strong resistance at $14.85, good to buy at dips

Major intraday support - $13.20 (21 day MA) Major resistance- $14.40 The pair has broken major resistance $14.40 (May 31st high) and jumped till $14.75 at the time of writing .Ethereum short term resistance is around $14…

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FxWirePro: ETH/USD faces strong resistance at $14.85, good to buy at dips
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  • Major intraday support - $13.20 (21 day MA)
     
  • Major resistance- $14.40
     
  • The pair has broken major resistance $14.40 (May 31st high) and jumped till $14.75 at the time of  writing .Ethereum short term resistance is around $14.85 and any violation above will take the  till $15.20/$15.75 in the short term.
     
  • On the downside minor support is around $13.60 and any break below $13.60 will take the pair down till $13.40/$13.20/$13
     
  • The pair should close below $13.20 for minor weakness till $12.55/$11.85/$11.20 level. Short term weakness only below $10.

It is good to buy at dips around $14 with SL around $13.55 for the TP of $14.85/$15.20

 

 

 

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