Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

FxWirePro: ETH/USD consolidates around 161.8% fib, decisive break above targets 220

ETH/USD hit a fresh all-time high at 184.85 levels on Monday and is currently trading at 180 levels at the time of writing (BTC-e).

Ichimoku analysis (Daily chart):

Tenkan-Sen: 132.45

Kijun-Sen: 124.93

The pair is consolidating around current levels and a decisive break above 182 levels (161.8% extension of 40.12 and 128) would see it testing 200 (113% extension of 40.12 and 182)/220/269.

Overall trend appears bullish, however, caution is advised as stochs and RSI are in extremely overbought zone.

On the downside, support is seen at 168.28 (4h 10-SMA) and any violation would drag it to 159.42 (4h 20-SMA)/148 (23.6% retracement of 40.12 and 182)/121.21 (2h 50-SMA).

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.