Ethereum tests the moving average – Analysis - 17-05-2018
Economies.com
2018-05-17 02:01AM UTC
Ethereum price provided clear negative trading yesterday and returns to fluctuate around the EMA50, and stochastic begins to lose the positive momentum gradually, on its way towards the overbought areas, to support the chances of bouncing bearishly and resume the bearish trend.
Therefore, our bearish overview will remain valid unless breaching 765.33 level and holding above it, noting that we are waiting to target 609.65 level initially.
Expected trading range for today is between 630.00 support and 765.00 resistance
Expected trend for today: Bearish
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