ETHUSD Slows Down

ETHUSD CHART PRICE – ETHUSD DAILY

Ethereum had two previous winning sessions that had the price of the crypto at 377 at some point, in today’s session its down 1.37%, the price currently trades inside the ichimoku cloud which can be seen as uncertainty, if the price manages to trade above the cloud this would be an indicator of an uptrend, it might still be early to go long since we see the relative strength index at 45%, once it gets over 50 it would be a good trade, the moving averages are also indicating a downtrend giving us mixed signals, so we would wait for a confirmation before placing a long trade.

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.