Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: ETH/USD faces strong resistance at $14.85, good to buy at dips

  • Major intraday support - $13.20 (21 day MA)
     
  • Major resistance- $14.40
     
  • The pair has broken major resistance $14.40 (May 31st high) and jumped till $14.75 at the time of  writing .Ethereum short term resistance is around $14.85 and any violation above will take the  till $15.20/$15.75 in the short term.
     
  • On the downside minor support is around $13.60 and any break below $13.60 will take the pair down till $13.40/$13.20/$13.
     
  • The pair should close below $13.20 for minor weakness till $12.55/$11.85/$11.20 level. Short term weakness only below $10.

It is good to buy at dips around $14 with SL around $13.55 for the TP of $14.85/$15.20

 

  • Market Data
Close

Welcome to EconoTimes

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