FxWirePro: ETH/USD upside capped by 7-EMA, good to go short below 9.23
ETH/USD has taken support near 9.50 levels and is trying to hold its strength above this level. It is currently trading at 9.77 levels (Kraken). Ichimoku analysis (Daily chart): Tenkan-Sen: 9.88 Kijun-Sen: 10.61 Trend re…
By Shampa Mani
Updated 1 min read
Image from the original EconoTimes article
ETH/USD has taken support near 9.50 levels and is trying to hold its strength above this level. It is currently trading at 9.77 levels (Kraken).
Ichimoku analysis (Daily chart):
Tenkan-Sen: 9.88
Kijun-Sen: 10.61
Trend reversal: 11.40 (90 EMA)
The pair’s upside is being capped by 9.80 (7-EMA) and a consistent break above would see it testing 10.40 (21 EMA)/11 (61.8% retracement of 12 and 9.40).
On the downside, a break below 9.50 levels would drag the pair to 9.23 (Oct 29 low)/8.86 (113% retracement of 9.23 and 12).
The sender was not identified, and the transfer does not establish Binance’s net USDT flow; a separate one-hour reading recorded a 44.219 million USDT outflow on Oct. 27.
