- William’s %R has jumped and is trending near the overbought zone. This shows that bearish correction could be expected.
- The price re-entered the $200-zone this Friday.
ETH/USD daily chart
The bulls retained control of the market as ETH/USD went up from $207.30 to $207.50 this Saturday. The bulls remained in power from this Friday, wherein the price spiked from $198.55 to $207.20, crossing above the $200 key psychological level and the SMA 20, in the process.
William’s %R has jumped and is trending near the overbought zone. This shows that bearish correction could be expected. The bulls must overcome strong resistance levels at $215 and $223.60. The former has previously thwarted the market and prevented bullish momentum in multiple instances, as per the chart above. On the downside, healthy support levels lie at SMA 20, $199.20, SMA 50, $186.15 and SMA 200
|Today last price||207.33|
|Today Daily Change||0.00|
|Today Daily Change %||0.00|
|Today daily open||207.33|
|Previous Daily High||209.29|
|Previous Daily Low||196.23|
|Previous Weekly High||216.98|
|Previous Weekly Low||191.49|
|Previous Monthly High||227.37|
|Previous Monthly Low||128.95|
|Daily Fibonacci 38.2%||204.3|
|Daily Fibonacci 61.8%||201.22|
|Daily Pivot Point S1||199.28|
|Daily Pivot Point S2||191.22|
|Daily Pivot Point S3||186.22|
|Daily Pivot Point R1||212.33|
|Daily Pivot Point R2||217.34|
|Daily Pivot Point R3||225.39|
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