Ethereum ETH/USD Strong resistance in 190 level this the best opportunity for Short Sell 190 Area take profit 160 and 130 area. On the upside breakout and stable 190 level then buy this position, target 225 and 250 level. Another side of ETH/USD touch 130/25 level buy this position target 180 and 220 level . A sustainable move higher will take the price towards April,18 high at $176.60 and to $180.00. Ethereum is trading above the 200 EMA which is offering support at $171.17.
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News: ======= 1. ETC/USD has posted higher highs and higher lows as far as breaking above both the 50 SMA and the 100 SMA. 2. Initial support rests at $6.0066; if cleared the price is likely to embark on gains trimming exercise.
$6.0066: Previous Low 15-minutes, Previous low 1-hour, 10 SMA 15’ and the 100 SMA 4-hour. $5.9285: 200 SMA 4-hour, previous high daily range and the pivot point daily R1. $5.9025: 10 SMA 1-hour, 61.8% Fib level weekly, 50 SMA 15-minutes and the 5 SMA 4-hour. $5.6943: 23.6% Fib level daily, pivot point monthly R2 and 100 SMA 1-hour. $5.6422: 38.2% Fib level weekly, previous low daily and the pivot point daily S1. On the upside, we see the initial resistance at $0.61107. If ETC/USD manages to overcome this hurdle, the path to the next resistance at $6.2929 is smooth. However, further correction will face resistance at $6.3189. The confluence at these levels include: $0.61107: Bollinger Band 1-day middle, Bollinger band 15-minutes upper, and pivot point weekly R1. $6.2929: Previous week high. $6.3189: Pivot point monthly R3.