CryptoTrooper_

$ETH.X: Strong resistance around 100-day SMA

COINBASE:ETHUSD   Ethereum
While most cryptocurrencies have recovered since the recent South Korea ICO ban, Ethereum seems to be struggling behind. RSI is showing a lot of weak momentum compared to Julys correction. Along with this, the EMA's on the MACD, while on an upward slope, are struggling to regain much of that lost bullish movement. Also, massive resistance seems to be found around ETH's current price level directly below the 100-day SMA. Watch this one closely everyone!!!!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.