Analyze graphs: Ethereum again under threat of draining

Price Ethereum and failed to remain in the bullish area at a scale of 1-hourly chart. Trading a pair of ETH/USD still remains under the threat of a new drain. That the cryptocurrency was able to hold above $ 100, it should breach the resistance zone of 120 dollars in the near future.

The General situation looks like this:

  • the asset has tried to break through the line $ 120, but testing resistance was unsuccessful;
  • scale 1-hour chart formed a local descending channel with resistance near $ 118;
  • coin is still at risk for a further decline.

Tonight Ethereum is trading at 117 dollars. For the past day, the cryptocurrency fell by 1.4 percent.

Technical analysis

Yesterday, we witnessed a steady movement of buyers above $ 115. The Ethereum even managed to gain a foothold above the moving average line is the 100 SMA. Unfortunately, testing the resistance zone of 120 USD was unsuccessful, causing the asset again rolled down.

As a result of recent price movements on the 1-hour chart of bitcoin has formed a downward channel, in which Ethereum can move a few more days. The nearest support level for an asset line is $ 114. There is also the Fibonacci 0.618 level, laid in the Wake of rising from 111 to 120 dollars.

Source: TradingView

To act as traders in this situation? Now the safest strategy is a short. The Ethereum still could rise to $ 120, but if the cryptocurrency will not overcome this level, we recommend you to open a short position.

The readings of technical indicators confirm our theory — MACD is in bearish zone, while RSI indicates downward trend. Follow the course and to be informed of all reversals will help the cryptocurrency rating.

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0 Comments on “Analyze graphs: Ethereum again under threat of draining”

  1. Hey, how’s it going?

    I want to pass along some very important news that everyone needs to hear!

    In December of 2017, Donald Trump made history by recognizing Jerusalem as the captial of Israel Why is this big news? Because by this the Jewish people of Israel are now able to press forward in bringing about the Third Temple prophesied in the Bible

    The Jewish people deny Jesus as their Messiah and have stated that their Messiah has been identified and is waiting to be revealed They say this man will rule the world under a one world religion called “spiritualism”

    They even printed a coin to raise money for the Temple with Donald Trumps face on the front and with king Cyrus'(who built the second Temple) behind him On the back of the coin is an image of the third Temple

    The Bible says this false Messiah who seats himself in the Third Temple will be thee antichrist that will bring about the Great Tribulation, though the Jewish people believe he will bring about world peace It will be a false peace for a period of time You can watch interviews of Jewish Rabbi’s in Israel speaking of these things They have their plans set in place It is only years away!

    More importantly, the power that runs the world wants to put a RFID microchip in our body making us total slaves to them This chip matches perfectly with the Mark of the Beast in the Bible, more specifically Revelation 13:16-18:

    He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name

    Here is wisdom Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666

    Referring to the last days, this could only be speaking of a cashless society, which we have yet to see, but are heading towards Otherwise, we could still buy or sell without the mark amongst others if physical money was still currency RFID microchip implant technology will be the future of a one world cashless society containing digital currency It will be implanted in the right-hand or the forehead, and we cannot buy or sell without it! We must grow strong in Jesus AT ALL COSTS, DO NOT TAKE IT!

    Then a third angel followed them, saying with a loud voice, “If anyone worships the beast and his image, and receives his mark on his forehead or on his hand, he himself shall also drink of the wine of the wrath of God, which is poured out full strength into the cup of His indignation He shall be tormented with fire and brimstone in the presence of the holy angels and in the presence of the Lamb And the smoke of their torment ascends forever and ever; and they have no rest day or night, who worship the beast and his image, and whoever receives the mark of his name ” (Revelation 14:9-11)

    People have been saying the end is coming for many years, but we need two key things One, the Third Temple, and two, the technology for a cashless society to fulfill the prophecy of the Mark of the Beast

    VISIT WWW BIBLEFREEDOM COM TO SEE PROOF FOR THESE THINGS AND MUCH MORE! TELL YOUR FRIENDS AND FAMILY SHARE THIS MESSAGE!

  2. Hey, how’s it going?

    I want to pass along some very important news that everyone needs to hear!

    In December of 2017, Donald Trump made history by recognizing Jerusalem as the captial of Israel Why is this big news? Because by this the Jewish people of Israel are now able to press forward in bringing about the Third Temple prophesied in the Bible

    The Jewish people deny Jesus as their Messiah and have stated that their Messiah has been identified and is waiting to be revealed They say this man will rule the world under a one world religion called “spiritualism”

    They even printed a coin to raise money for the Temple with Donald Trumps face on the front and with king Cyrus'(who built the second Temple) behind him On the back of the coin is an image of the third Temple

    The Bible says this false Messiah who seats himself in the Third Temple will be thee antichrist that will bring about the Great Tribulation, though the Jewish people believe he will bring about world peace It will be a false peace for a period of time You can watch interviews of Jewish Rabbi’s in Israel speaking of these things They have their plans set in place It is only years away!

    More importantly, the power that runs the world wants to put a RFID microchip in our body making us total slaves to them This chip matches perfectly with the Mark of the Beast in the Bible, more specifically Revelation 13:16-18:

    He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name

    Here is wisdom Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666

    Referring to the last days, this could only be speaking of a cashless society, which we have yet to see, but are heading towards Otherwise, we could still buy or sell without the mark amongst others if physical money was still currency RFID microchip implant technology will be the future of a one world cashless society containing digital currency It will be implanted in the right-hand or the forehead, and we cannot buy or sell without it! We must grow strong in Jesus AT ALL COSTS, DO NOT TAKE IT!

    Then a third angel followed them, saying with a loud voice, “If anyone worships the beast and his image, and receives his mark on his forehead or on his hand, he himself shall also drink of the wine of the wrath of God, which is poured out full strength into the cup of His indignation He shall be tormented with fire and brimstone in the presence of the holy angels and in the presence of the Lamb And the smoke of their torment ascends forever and ever; and they have no rest day or night, who worship the beast and his image, and whoever receives the mark of his name ” (Revelation 14:9-11)

    People have been saying the end is coming for many years, but we need two key things One, the Third Temple, and two, the technology for a cashless society to fulfill the prophecy of the Mark of the Beast

    VISIT WWW BIBLEFREEDOM COM TO SEE PROOF FOR THESE THINGS AND MUCH MORE! TELL YOUR FRIENDS AND FAMILY SHARE THIS MESSAGE!

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