ETH/USD Extends Sideways Trading Activity: Sally Ho’s Technical Analysis 1 January 2021 ETH

Significant Stops were just recently elected above the 615.19637.79668.87679.78, and 698.88 location throughout the march to succeeding multi-year highs. The 50-bar MA (per hour) is bullishly suggesting above the 100-bar MA (per hour) and above the 200-bar MA (per hour).

Substantial Stops were just recently chosen above the 615.19637.79668.87679.78, and 698.88 location throughout the march to succeeding multi-year highs. Extra advantage cost objectives consist of the 819.23879.23910.42939.22, and 985.15 locations. Following the pairs current transfer to succeeding all-time highsdownside retracement levels and locations of potential technical support consist of the 702.42683.66667.31653.74628.40, and 601.94 levelsETH/USD gained roughly 21% month-to-date in December, and closed 2020 with around a 450% gain. Traders are observing that the 50-bar MA (4-hourly) is bullishly showing above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). The 50-bar MA (per hour) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Rate activity is closest the 50-bar MA (4-hourly) at 687.85 and the 50-bar MA (Hourly) at 740.94.
Technical Support is anticipated around 699.32/ 612.33/ 530.32 with Stops expected below.
Technical Resistance is expected around 759.00/ 819.23/ 877.71 with Stops anticipated above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
Title: ETH/USD Extends Sideways Trading Activity: Sally Hos Technical Analysis 1 January 2021 ETH.
Sourced From: cryptodaily.co.uk/ 2021/01/eth-usd-extends- sideways-trading-activity-sally-ho-technical-analysis-1-january-2021-eth-ethereum.
Published Date: Fri, 01 Jan 2021 18:23:12 +0000.
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