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Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: Nikko on November 25, 2018, 02:48:18 PM

Title: ETH/USDT Price Analysis Nov. 23
Post by: Nikko on November 25, 2018, 02:48:18 PM
Ethereum is not finding buyers at higher levels. The pullback stalled at $141.91, which shows a lack of buying support.

(https://i.imgur.com/5QjOX30.png)

Currently, the bears are attempting to extend the decline to the next support level at $110. Though anything is possible in the markets, we believe that the oversold levels on the RSI point to a probable pullback. We don not recommend trading on hope, hence, we shall wait for a new buy setup to form before suggesting any trade in it.

On the upside, the ETH/USD pair will face a stiff hurdle at $167.32. The 20-day EMA is also close to this level, making it a critical resistance to cross for the bulls.

Source (https://cointelegraph.com/news/bitcoin-ripple-ethereum-stellar-eos-litecoin-cardano-monero-tron-dash-price-analysis-nov-23)