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Crypto Technicals: ETH/USD pauses correction at cloud base, 'Doji' at lows suggests consolidation

ETH/USD chart - Trading View 

Exchange - Coinbase

Support: 201.13 (61.8% Fib); Resistance: 236.44 (110-EMA)

Technical Analysis: Bias Bearish

ETH/USD consolidates break below 110-EMA, bias remains bearish.

RSI is well below 50 and momentum studies are bearish. 'Doji' formation at lows suggests some consolidation before the next leg lower.

The pair has edged off from 2-month lows at 203 and cloud is offering strong support.

Recovery attempts seem to be capped at 110-EMA, retrace above could see further gains.

Price has slipped below major moving averages and volatility is rising. 

Test of 61.8% Fib at 201.13 on cards. Further weakness raises scope for test of 200-DMA at 182.35.

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

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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

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50 %

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48.6 %

January 31 00:00 UTC 817074817074m

ARAnnual Primary Balance*

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2016 bln ARS

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January 31 00:00 UTC 817074817074m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 828894828894m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 817074817074m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 828894828894m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 817074817074m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 817074817074m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 817074817074m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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