Crypto Technicals: ETH/USD finds strong support at 110-EMA (159.10), consolidation at current levels likely before next leg higher
Crypto Technicals: BTC/USD rangebound around 200H MA, retrace below channel top could drag the pair lower
Crypto Technicals: ETH/EUR downside pauses shy of 200-DMA, bullish divergence on intraday charts keeps scope for upside
ETH/EUR chart - Trading View
Exchange - Coinbase
Support: 162.39 (200-DMA); Resistance: 208.88 (110-EMA)
Technical Analysis: Bias Bearish
ETH/EUR pauses downside shy of 200-DMA, further weakness only on break below.
The pair is extending recovery for the 2nd straight session, bias still bearish.
110-EMA is strong resistance at 208.88. Turn in indicators with breakout above 110-EMA could see further upside.
The occurrence of a bullish divergence on RSI and Stochs on the 2H charts raises scope for upside.
Immediate resistance lies at 5-DMA. Decisive break above could see test of 110-EMA at 208. Further gains only on break above.
200-DMA is major support at 162.39. Break below will accentuate downside.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
Tesla Cybertruck update: Is Elon Musk's futuristic pickup truck joining the 'Cyberpunk 2077' vehicle lineup?