biffbifford

50 Day Moving Average Still holding as resistance

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
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This is the key moment where Etherum is going to choose a direction, imho. The 50-day moving average has only been crossed bove once! The trend still favors the downside. I believe the 50 DMA and the upper band of the logarithmic trendline have been holding as resistance. I am guessing the probability leans to the downside as the indicators I mentioned have held firm. Good luck all!!

The News:

Largest Brazilian Brokerage to Launch Exchange for Bitcoin and Ethereum

The largest brokerage in Brazil will enter the crypto space by launching an exchange for Bitcoin ( BTC ) and Ethereum (ETH) in the near future, Bloomberg reported September 21.

https://cointelegraph.com/news/largest-b...
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