ETHUSD Breaks Resistance at 335.84

ETHUSD CHART PRICE – ETHUSD DAILY

Ethereum broke the resistance after it only lasted 2 trading sessions below it, this helped increase the Relative Strength Index 8%, currently at 44% we see that the price is losing some ground in today’s session, is not very likely that it could break the now support level but anything can happen in the cryptocurrency world, the bollinger bands are getting narrow indicating low volatility, whilst the price trades inside the ichimoku cloud which indicate uncertainty in the market, I need to wait one more session to see how the price closes in order to make a trading decision, it’s too risky right now with an undecided market that is fighting.

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.