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Crypto Technicals: ETH/USD recovery capped at 200H MA, break below 78.6% Fib (141.35) to knock prices lower
Crypto Technicals: ETH/USD struggles to extend recovery, finds stiff resistance at 200H MA at 149.77
Crypto Technicals: ETH/USD extends gains above $300, shows signs of upside resumption
ETH/USD chart - Trading View
Exchange - Coinbase
Support: 273.63 (50-DMA); Resistance: 330.42 (Upper BB)
Technical Analysis: Bias turning Bullish
ETH/USD is extending gains above $300 mark, we see signs of upside resumption.
The pair is trading 0.85% higher on the day at 308.94 at 10:15 GMT.
Technical indicators are turning bullish on the intraday charts.
Major trend is bullish and pullback in the pair has held above 50-DMA support.
5-DMA has turned and RSI is holding above 50 mark. Stochs are on verge of rollover from oversold levels.
GMMA indicator shows change of near-term trend as indicated by the shift in near-term moving averages.
Scope for gains till 330 (Upper BB). Break below 21-EMA could see dip till 50-DMA (273)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
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