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Crypto Technicals: ETH/USD bounces of 20-DMA support, scope for test of 192

Tuesday, April 23, 2019 11:00 AM UTC

ETH/USD chart - Trading View

Exchange - Bitfinex

Support: 170.44 (20-DMA); Resistance: 192 (Trendline)

Technical Analysis: Intraday Bias Bullish

- ETH/USD bounces off 20-DMA support, extends gains for the 2nd straight session
- The pair is trading 2.57% higher on the day at 176.69 at 1055 GMT
- Price has broken above 5-DMA at 173.68, eyes upper BB at 182.29
- Technical indicators support upside on daily charts. Price action above major EMA's and cloud
- 'Golden Cross' (Bullish 50-DMA crossover on 200-DMA) on daily charts keeps scope for upside
- Scope for test of 192 (trendline resistance), weakness likely on break below 21-EMA

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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Crypto Technicals: ETH/USD bounces of 20-DMA support, scope for test of 192

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