- Latest price session crosses past the resistance offered by the SMA 200 curve.
- Elliot oscillator has had a bullish session after seven straight bearish sessions.
This Sunday, the ETH/USD price session has had a bullish breakout from the flag formation. This Monday has carried forward the bullish momentum and allowed ETH/USD to get back into the $200-zone. Over the last two days, the price has gone up from $185.65 to $200.75. The hourly chart shows that the price went up to $194.80 to $201.50 within two hours, where it trended horizontally for a bit and fell to $196.35. Since then, the price went back up to $200.75.
ETH/USD daily chart
The latest price session has gone past the resistance offered by the 200-day simple moving average (SMA 200) curve. The SMA 50 and SMA 20 curves are still trending above the daily price chart. The moving average convergence/divergence (MACD) indicator shows that market momentum is changing from bearish to bullish. The Elliot oscillator has had a bullish session after seven straight bearish sessions.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.
Elliot oscillator has had a bullish session after seven straight bearish sessions.
This Sunday, […]