Crypto Technicals: ETH/USD capped at 100-DMA (191), break above to see further gains
ETH/USD chart – Trading View
Exchange – Coinbase
Support: 183.61 (55-EMA); Resistance: 191.04 (100-DMA)
Technical Analysis: Bias bullish
ETH/USD trades marginally higher on the day at 185.89 at 05:30 GMT.
The pair has been capped at 100-DMA at 191.04 and break above could see further gains.
RSI is above 50 and bias is higher, momentum studies are bullish.
Upside is capped at 100-DMA which is offering stiff resistance at 191.04. Break above to see further upside.
Major trend in the pair is bearish as shown in the GMMA indicator. Failure to break above 100-DMA could see weakness.
Strong support seen at 178 (nearly converged 5-DMA, 20-DMA and 21-EMA). Retrace below 178 to see dip till 153.
Break above 100-DMA eyes 23.6% Fib at 202.23 ahead of 200-DMA at 212.78.
<Copyright © TokenPost. All Rights Reserved. >