Technical analytics

Ethereum market technical outlook

Cryptocurrencies

Daily chart:

Downward dynamics of the market in direction of the lower Bollinger band (104) preserves


H4-chart:

We note local intermediate support at the 115 level on lower Bollinger band. ADX stands in a trending area, therefore further slide is a prevailing scenario.


H1-chart:

We also have to note intraday trending tone of ADX indicator in favor of sellers. Thus we can expect decline of the quotes towards 115 and 103


Expectations:

Decline in direction 115.103.

Trading recommendations:

Short-trades towards 115 and 103.


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