ETH/USD continues to face strong resistance at 200-DMA and is trading in a narrow range between 10.50 and 10.75 levels. It is currently trading at 10.57 levels at press time (Kraken). Ichimoku analysis (Daily chart): Ten…
ETH/USD continues to face strong resistance at 200-DMA and is trading in a narrow range between 10.50 and 10.75 levels. It is currently trading at 10.57 levels at press time (Kraken).
Ichimoku analysis (Daily chart):
Tenkan-Sen: 10.59
Kijun-Sen: 10.17
On the upside, a consistent break above 10.75 levels (200-DMA) would see the pair testing 10.95 (trend line joining 11.63 and 11.19)/11.19 (January 23 high).
On the flip side, the pair has taken support near 10.54 (7-DMA) and any violation would drag it to 10.35 (21-DMA)/9.93 (61.8% retracement of 9.16 and 11.19).
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