Ethereum breaks the support – Analysis - 22-03-2019
Economies.com
2019-03-22 05:20AM UTC
Ethereum price broke 137.24 level and settled below it, which stops the recently suggested positive scenario and puts the price under the negative pressure again, targeting visiting 116.50 level initially.
Therefore, the bearish bias will be suggested for today supported by moving below the EMA50, noting that breaching 137.24 followed by 139.70 levels will bring the price back to the correctional bullish track that its next target located at 154.00.
The expected trading range for today is between 120.00 support and 140.00 resistance
The expected trend for today: Bearish
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