FxWirePro: ETH/USD trades in narrow range, bias neutral
ETH/USD is trading in a narrow range on Thursday between 46 and 49 levels it is currently trading at 48 levels at press time (Kraken). Ichimoku analysis (Daily chart): Tenkan-Sen: 46.84 Kijun-Sen: 47.99 The pair is facin…
By Shampa Mani
Updated 1 min read
Image from the original EconoTimes article
ETH/USD is trading in a narrow range on Thursday between 46 and 49 levels it is currently trading at 48 levels at press time (Kraken).
Ichimoku analysis (Daily chart):
Tenkan-Sen: 46.84
Kijun-Sen: 47.99
The pair is facing strong resistance at 50.00 and only a close above would see further bullishness, targeting 51.90 (March 17 high)/54.97 (March 30 high).
Momentum studies appear neutral and traders are preferred to wait for a confirmed signal on daily charts.
Support is seen at 46.55 (20-DMA) and a close below would drag it to 43.32 (23.6% retracement of 15.56 and 51.90)/41 (23.6% retracement of 5.92 and 51.90 rally).
The tokens reached Binance over about an hour on Oct. 19, with an average deposit valuation of $0.2013 per token and a combined value of about $3.64 million.
The amount will be based on dividend proceeds after applicable deductions, while on-chain distributions will be reflected through the bStocks multiplier.
