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Crypto Technicals: ETH/USD holds 21-EMA support, 'Golden Cross' keeps scope for upside

ETH/USD chart - Trading View 

Exchange - Bifinex

Support: 166.22 (21-EMA); Resistance: 190.50 (Trendline)

Technical Analysis: Bias Neutral to Slightly Bullish

- ETH/USD pauses downside, holds above 21-EMA support
- The pair is trading 0.95% higher on the day at 172.30 at 0945 GMT
- Upside capped at 5-DMA at 173.38, break above to see further gains
- Price action above major EMA's and daily cloud
- 'Golden Cross' (Bullish 50-DMA crossover on 200-DMA) on daily charts keeps scope for upside
- Break above 5-DMA targets 181.80 (Upper Bollinger Bands), weakness below 21-EMA

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

By Anupama Grandhi
  • Market Data
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