Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

FxWirePro: ETH/USD struggles to close above 100-DMA, break below 55-EMA targets 8.50

ETH/USD has taken support near 55-EMA and is currently trading at 9.60 levels at the time of writing  (Kraken).

Ichimoku analysis (Daily chart):

Tenkan-Sen:10.36

Kijun-Sen: 9.32

On the upside, the pair is struggling to close above 9.81 (100-DMA). A consistent break above this level would see it testing 10.16 (10-DMA)/10.87 (200-DMA).

On the flip side, the pair has taken support near 9.10 (55-EMA) and a break below would drag it to 8.77 (61.8% retracement of 7.01 and 11.63)/8.50 / 8.00 (78.6% retracement of 7.01 and 11.63).

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.