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

By Sunil Sharma
Published June 23, 2020 Updated June 23, 2020
Best Buy In

Exchanges

Wallet

ETHUSD Price Analysis
ETHUSD Price Analysis

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

By Sunil Sharma
Published June 23, 2020 Updated June 23, 2020

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.

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

PREV: 227.73

OPEN: 227.71

VOLUME: 60.743K

DAY’S RANGE: 227.31 — 247.04

advertisement

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Sunil Sharma
296 Articles
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

Loading Next Story