ETHMXN Slight Recovery

ETHMXN CHART PRICE – ETHMXN DAILY

Ethereum is making a small comeback after a big losing day, we see that the Relative Strength index increasing, meaning that we could see the price going up again in the short term, the moving averages are getting closer to each other but there is still  a big gap between them, the bollinger bands are getting narrow but we still expect volatility in the markets, the new high became the new resistance, and we could see the price close to those levels very soon. The Ichimoku cloud is very narrow and ETH trades way above it, we expect the price to rise in the next trading sessions.

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.