ETHEREUM TECHNICAL ANALYSIS ON H4 TIMEFRAME
Publish Date : 2019/08/28 - 07:27

ETHEREUM TECHNICAL ANALYSIS ON H4 TIMEFRAME


Ethereum was able to form lower highs and lower lows in h4 timeframe which led into the formation of a descending triangle.

Now the price is approaching the end of this triangle.thus,a breakout is expected.

Additionally,moving average of 100 periods has crossed below moving average of 200 periods which simply indicate that sellers have the upper hand.

Furthermore,the faster moving average is above the triangle which strengthen the resistence area.

Source:babypips


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