Technical analysis ETH – back to key support
2 min readETH was able to partially recover after a relatively large decline, but it is still quite problematic what to expect from further exchange rate developments. It is not at all certain whether the market has reached the expected local bottom.
Current situation at 1D ETH / USD
ETH has lost about 40% of its all-time high value since the beginning of November, which is also a significant loss in relative numbers. Nevertheless, ETH holds the position of one of the strongest altcoins. In fact, ETH is slightly stronger than BTC. BTC smeared a little more of its value.
Around the S / R level of $ 2,840 there was a rebound that brought the exchange rate back to the S / R level of $ 3,340. It was quite a key level because it is close by high volume node volume profile.
Unfortunately 200-day moving average acted as a resistance that stopped the course. Since then, the exchange rate has consolidated at the S / R level of $ 3,340. Therefore, there is still a threat that ETH will lose its current support. Therefore, it is necessary that price expansion continues soon. In this case, the first major obstacle is the S / R level of $ 3,950. The 100-day moving average is also close by.
Otherwise, we will return to $ 2,840. This support is almost like concrete. I simply start from the volume profile, because you can see that the big one starts at the mentioned level cluster. And that ends at $ 1,740.
Indicators
I repeat that the daily RSI values have fallen below the 30-point threshold for the first time since March 2020. Although “only” about 27 points, but it is still a significant manifestation of weakness. Currently, the values are around 41 points.
cafergot pills
With thanks! I enjoy it.
https://ouressays.com/ professional case study writers
Nicely put. Thanks.
https://service-essay.com/ poverty thesis statement
Good data, Many thanks!
https://service-essay.com/ thesis writing service uk
can you buy ventolin over the counter
Everything what you want to know about pills. safe and effective drugs are available.
lisinopril 10 best price
Drug information. Commonly Used Drugs Charts.
prazosin medication
where to buy prednisone online without a script
paroxetine 40 mg tablet
buy generic abilify
Read now. Drugs information sheet.
where to get levaquin without rx
safe and effective drugs are available. Read now.
orlistat purchase
canadian pharmacy 24h com safe
where to buy sildalis
Definitive journal of drugs and therapeutics. п»їMedicament prescribing information.
https://lisinopril.science/# prinivil
Comprehensive side effect and adverse reaction information. Drugs information sheet.
propranolol 10 mg tablet brand name
acyclovir prescription canada
prazosin hcl 5mg
Read information now. Prescription Drug Information, Interactions & Side.
https://stromectolst.com/# ivermectin oral solution
Some trends of drugs. Commonly Used Drugs Charts.
buy lisinopril online usa
inderal over the counter australia
strattera without prescription
acyclovir 800 mg tablets
Long-Term Effects. Read information now.
ivermectin 1 topical cream
Everything information about medication. Get warning information here.