Levels to Watch: Ethereum Trend Analysis (9/14/2017)

Here are some important levels to watch when it comes down to Ethereum trend on 9/14/2017. The Ethereum chart of the day is provided daily so subscribe for more.

Advertisements

Daily MACD – The MACD has continued lower on the daily. I think we will see a little more bearish pressure before it being in oversold conditions.

Major Support Level – I’m watching the $240 area still because there has been many touches of price around that area.

Major Resistance Level – The price should catch a good bounce soon. The markets are very volatile because it is still the early stages of this technology. Huge moves up are followed by huge moves down only to grind higher eventually.

ethereum trend analysis

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: