blockchaintrends

ETHEREUM testing Resistance

Long
BITMEX:ETHUSD   None
ETHEREUM price action above EMA 21,50,100,200 periods. Potential retest resistance at 193$ price level. After SHS pattern ETH crashed to 180.7$. S/R flip at 187.5$. ETH closed bellow resistance line.
Volume: weak. Don't confirm bullish price action.
Indicators: MACD bullish crossover above zero line. RSI above 50 points. Bullish sign.
S/R: Major Support at 168$. Support at 175$, Resistance at 190$, Major Resistance at 193$.

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