After another bullish run from 230 to 360, the Ethereum US Dollar pair counter the big pressure of the Neckline Zone: from 330 to 360. The neckline zone happen to be the range between 500D SMA to the previous low around at the end of March 2018 to the beginning of April, 2018.
The daily and weekly chart is still bullish, it might be seeking support for bullish correction.
A possible range trading will be around 400D SMA to 500D SMA for the next development.
A possible range trading will be around 400D SMA to 500D SMA for the next development.
Comment:
As what we mentioned yesterday, cross trading between ETH and BTC is a safe protection(Buy ETH and sell BTC). Currently it is around the low level that appeared in Dec 2018.
