BTCUSD Slows Down After Reaching Resistance
September 17, 2020
USDMXN Finally Responds
September 18, 2020
ETHUSD CHART PRICE – ETHUSD DAILY
On the previous trading session Ethereum almost breaks the resistance level at 394.70 found in our Fibonacci retracement, today it had a reversal and is currently 2.31% down for the day, the relative strength index went down to 49% we could expect a downtrend bases on the support and resistance levels from the Fibonacci, however, the price trades in the middle of the bollinger bands and inside the ichimoku cloud, which tells us that the price could move sideways in the short term. Moving averages are close together still indicating a downtrend, I would suggest traders to wait until session reopening to place a trade so we can get more signals and a better prediction.
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.
