EthereumPanjang
Ethereum’s MACD Is Turning Higher
Several bullish patterns have appeared on the Ethereum chart lately.
The first one that grabs our attention today is the bullish cross on MACD. Previous times this happened, like early February and mid-December, were followed by new highs.
Second, notice how ETHUSD pulled back to hold its previous breakout level around $1,420. Old resistance from January 2018 and January 2021 seems to be new support.
Next, the bounce is occurring at the 50-day simple moving average.
Finally, ETH is showing relative strength against Bitcoin. This chart of the ETHBTC cross shows new 2-1/2 year high early last month, followed by a drop of about 38 percent. Now it’s rebounding and regaining position against its larger rival.
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The first one that grabs our attention today is the bullish cross on MACD. Previous times this happened, like early February and mid-December, were followed by new highs.
Second, notice how ETHUSD pulled back to hold its previous breakout level around $1,420. Old resistance from January 2018 and January 2021 seems to be new support.
Next, the bounce is occurring at the 50-day simple moving average.
Finally, ETH is showing relative strength against Bitcoin. This chart of the ETHBTC cross shows new 2-1/2 year high early last month, followed by a drop of about 38 percent. Now it’s rebounding and regaining position against its larger rival.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.