Ethereum price attempts to recover – Analysis - 19-08-2019
Economies.com
2019-08-19 05:17AM UTC
Ethereum price achieved intraday gains to breach 189.90 level, but it found good resistance formed by the EMA50, accompanied by witnessing clear overbought signals through stochastic, making the chances valid to resume the main bearish trend, waiting to break 189.90 level to confirm opening the way to head towards 149.10 as a next station.
We should note that breaching 197.00 would stop the expected decline and push the price to achieve more intraday gains that reach 222.92 before any new attempt to decline.
The expected trading range for today is between 180.00 support and 200.00 resistance
The expected trend for today: Bearish
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