Crypto Technicals: ETH/USD bounces off 200H MA support, 'Dragonfly Doji' raises scope for upside resumption
Crypto Technicals: ETH/USD extends sideways along 200H MA, bearish bias intact
ETH/USD chart - Trading View
Exchange - Coinbase
Support: 141.35 (78.6% Fib); Resistance: 151.00 (5-DMA)
Technical Analysis: Bias Bearish
ETH/USD is extending sideways grind along 200H MA, bias remains bearish.
The pair is in the red for 4th straight session, was trading at 148.55, down 0.35% at 06:45 GMT.
Bearish bias intact as long as pair remains capped below 5-DMA which is immediate resistance at 151.
Break above could see minor upside till 21-EMA at 159.43. Major and minor trends have shifted to bearish as shown by the GMMA indicator.
Price action is on track for further weakness. Technical indicators support further downside.
141.35 (78.6% Fib) is immediate support. Break below could see dip till 131.38 (lower BB) ahead of 113 (88.6% Fib).
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