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ETHUSD Price analysis: Chances Of Pull Back As ETH Still In Channel With Price Oscillation

ETHUSD Price analysis: Chances Of Pull Back As ETH Still In Channel With Price Oscillation

ETHUSD Price analysis: Chances Of Pull Back As ETH Still In Channel With Price Oscillation

ETHUSD is in the parallel channel where it touches the line which is support right now therefore there can be a pull-back from that level. The next time there can come further oscillation sideways in the channel till there comes a definite direction of the trend to confirm.

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ETHUSD Price Analysis: 1 D Chart

ETHUSD Price Analysis
ETHUSD Price Analysis

There is both support and resistance in the channel and it will be interesting
in which direction it confirms the trend. RSI is sending neutral signs with a tendency to visit higher or lower levels
MACD is sending neutral signs with a tendency to provide a bullish or bearish sign.

TREND: Sideways

EXPECTATION: Breakout

TREND AFTER EXPECTATION: Bullish , Bearish

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ETHUSD Price analysis: Chances Of Pull Back As ETH Still In Channel With Price Oscillation
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ETHUSD Price analysis: Chances Of Pull Back As ETH Still In Channel With Price Oscillation
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ETHUSD is in the parallel channel where it touches the line which is support right now therefore there can be a pull-back from that level. The next times there can come further oscillation sideways in the channel till there comes a definite direction of the trend to confirm.
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Author: Sunil Sharma

ETHUSD Price analysis: Chances Of Pull Back As ETH Still In Channel With Price Oscillation

Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO’s in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com

Published at Tue, 23 Jun 2020 15:47:05 +0000

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