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Crytoglobe Cryptos Analysis
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[QUOTE="Cryptoglobe, post: 147241, member: 53342"] Ethereum Price Analysis – May 15 ETHUSD Medium-term Trend: Ranging Resistance: $760, $750, $740 Support: $700, $710, $720 Yesterday, May 14th the overall trend of [URL deleted] Ethereum was bearish. The price of the asset had fallen from the highs of $830, $767 and $735 as per the bearish trend line. However, at the time of writing, the MACD line and the signal line were above the zero line indicating a buy signal. The price bars of Ethereum were above the 12-day EMA and 26-day EMA indicating that the bullish trend is ongoing. It was assumed that if the support level was broken, Ethereum would find support at $672. Today, Ethereum is currently trading at $723.67 at the time of writing. From the weekly chart, the price of the asset is above the $700 level. The asset is ranging from the support level at $700 to the resistance level at $750. Today the indicators are showing bullish signals. The MACD line and the signal line are above the zero line indicating a buy signal. The price bars of Ethereum were above the 12-day EMA and 26-day EMA indicating that the bullish trend is ongoing. Therefore the price is expected to test the resistance level at $750 and reach further highs. ETHUSD Short-term trend: Ranging On the daily chart, the price of Ethereum is in a ranging market. At the levels of $690 and $700, the price of Ethereum was ranging. Then it had a bullish movement which took it to the high of $740. At the high of $740, it resumed its range bound movement. [I]The views and opinions expressed here do not reflect that of CryptoGlobe [URL deleted] and do not constitute financial advice. Always do your own research.[/I] [/QUOTE]
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