ETCUSD TECHNICAL ANALYSIS ON DAILY TIMEFRAME
Publish Date : 2019/09/25 - 05:55

ETCUSD TECHNICAL ANALYSIS ON DAILY TIMEFRAME


Ethereum
completed its retest of the broken ascending trend line on its daily time frame and is now setting its sights on the next downside targets. Stochastic is turning lower from the overbought zone to signal that sellers have the upper hand, and the oscillator has room to fall before indicating oversold conditions.

Even though the 100 SMA is above the 200 SMA for now, the gap between the moving averages has narrowed to hint at a looming bearish crossover. In that case, ethereum could head to the 50% extension at $125 or the 61.8% extension near $100.

Source:babypips

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