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Crypto Technicals: ETH/USD recovery attempts capped below 5-DMA, bias slightly bearish

Thursday, April 25, 2019 11:23 AM UTC

ETH/USD chart - Trading View

Exchange - Bitfinex

Support: 153.75 (50-DMA); Resistance: 169.03 (5-DMA)

Technical Analysis: Bias Neutral to slightly Bearish

- ETH/USD slips below 21-EMA, bias is turning slightly bearish

- Recovery capped below 5-DMA and 1H 21-EMA

- Retrace till 192 levels likely, break below to see further weakness

- RSI has turned and Stochs are biased lower

- However, 'Golden Cross' formation keeps scope for upside

- Break below 200-DMA will negate any bullishness

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

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Crypto Technicals: ETH/USD recovery attempts capped below 5-DMA, bias slightly bearish

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