Ethereum (ETH) Is Recovering From $100 Support, Uptrend Uncertain

Updated:

Key Resistance Levels: $225, $250, $275
Key Support Levels: $150, $125, $100

ETH/USD Long-term Trend: Ranging
Ethereum is still fluctuating between $100 and $140. Neither the bears nor the bulls have broken these key levels. Recently, the bulls bought at $120 price level. ETH made a positive move to break the $140 resistance level. Later the bulls were repelled at $145 price level and the coin resumes its fluctuations.

Today, Ether is trading  at $130 and it is making another attempt at the resistance. On the upside, if the bulls succeed in breaking the resistance, the market will reach a high of $160. On the other hand, if the bulls fail to break the resistance, the market will fall and fluctuation will continue. Conversely, if the bears succeed in breaking the $100 low, the market will drop to a low of $87.

ETH/USD – Daily Chart

Daily Chart Indicators Reading:
Ethereum is above 20% range of the daily stochastic. This indicates that ETH is in bullish momentum. The market is supposed to be in an upward move, coupled with the emergence of buyers at the oversold region.

ETH/USD Medium-term Trend: Bearish
On the 4 hour chart, ETH is in a horizontal channel because the coin is ranging. A price range has been established by the price action. The price fluctuates between $100 and $140. The bulls have attempted to break the upper range but lack buying power at a higher price level.

ETH/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and 50-day SMA are sloping horizontally indicating the sideways trend. The Relative Strength index period 14 is level 53 indicates that the coin is in the uptrend zone. It is also above the centerline 50.

General Outlook for ETH
Ethereum is at the bottom of the chart. Ethereum will need more buyers at the oversold region to push the coin upward. Traders will need to look out to buy setups to initiate long trades. Later you set your parameters including your stop loss.

ETH Trade Signal
Instrument: ETHUSD
Order: Buy
Entry price: $131
Stop: $60
Target: $331

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Coronavirus Immeasurable Impact Continues to Sink EURUSD Beneath 1.0779 Level

Updated:

EURUSD Price Analysis – March 23

Despite the opening bell in Europe at the moment, EURUSD has now come under some selling pressure after climbing to the 1.0770 regions earlier in the session and is dropping to the area beneath the 1.0700 level. The attitude of US politicians and Europe’s desperate condition with the prospect of more economic pressure may weigh heavily on the Fx pair.

Key Levels
Resistance Levels: 1.1172, 1.1000, 1.0779
Support Levels: 1.0635, 1.0569, 1.0397

EURUSD Long term Trend: Bearish

At this point, the pair is losing about 0.05 percent at 1.0675 level and faces the next support at level 1.0635 (2020 low Mar.23) seconded by level 1.0569 (monthly low Apr.10 2017) and next is level 1.0397 (low).

The entire downtrend pattern from 1.1495 (high) level in the larger structure should have continued. The next goal is a forecast of 61.8 percent from 1.1495 to 1.0779 from 1.1495 to 1.0397 levels. That level is near 1.0339 (low in 2017). On the upside, for authenticating long-term reversal, a break of 1.1495 resistance level is required. Otherwise, even in the event of a strong recovery, the pattern can stay bearish.

EURUSD Short term Trend: Bearish

A transient low is established at 1.0635 level with 4 hour RSI crossed at reading 40 beneath its neutrality axis, while the EURUSD Intraday bias is first turned neutral for consolidations.

The upside of recovery may be contained by 1.1000 level of resistance to usher in fall resumption while downside break of 1.0635 level may extend a broader downward trend to 1.0397 level next goal estimate.

Instrument: EURUSD
Order: Sell
Entry price: 1.0750
Stop: 1.0779
Target: 1.0635

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

EURUSD Near Term Recovery Capped Close to the Critical Level of 1.1250

Updated:

EURUSD Price Analysis – March 16

Since trending as high as the 1.1236 level earlier in the day, at the time of writing, EURUSD has now come under some selling pressure and drops the price down to the 1.1172 level. In the second time this month, the US Federal Reserve is cutting the benchmark rate down to 0 percent -0.25 percent. The meeting where the regulator took the rate decision was again unscheduled, as this week’s scheduled meeting is set for earlier.

Key Levels
Resistance Levels: 1.1500, 1.1350, 1.1250
Support Levels: 1.1055, 1.0950, 1.0779

EURUSD Long term Trend: Ranging

In the larger structure, a rebound from 1.0779 low level faced heavy rejection from a 38.2 percent retraction of 1.1500 to 1.0779 at 1.1458 levels, as well as the 5 and 13 moving averages. Development argues that price behavior from the level at long-term trends of 1.0779 is just a corrective downward trend from the level at 1.1500 (high).

Further decline is in favor of retesting the level of 1.0700 (low). Sustained break of 1.1458 level, however, may increase the possibility of a long-term bullish reversal and target a 61.8 percent retraction at 1.1569 level.

EURUSD Short term Trend: Bullish

The intraday bias is initially altered neutrally with a 4 hour RSI signal line cross over past 50. At the downside, the case of a rebound from 1.0779 level has completed at 1.1500 level may be reaffirmed below 1.1055 level.

Intraday bias can be back to the downside for 1.0779 level retesting. However, on the upside over the 1.1250 minor resistance level towards the 1.1500 resistance level will again alter bias to the upside.

Instrument: EURUSD
Order: Buy
Entry price: 1.1095
Stop: 1.1000
Target: 1.1285

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Ethereum (ETH) Consolidates in Preparation for a Possible Breakout

Updated:

Key Resistance Levels: $225, $250, $275
Key Support Levels: $150, $125, $100

ETH/USD Long-term Trend: Bearish
Today, Ethereum is consolidating between levels of $100 and $140 after the last bearish impulse. The bulls pulled back price but could not push ETH above $140. Ether lacks buying at a higher price level. Meanwhile, the bulls defended the support at $100. At the low of $100, Ether has fallen to the oversold region of the market.

It is presumed that selling pressure has ended. In the meantime, the market is fluctuating between $100 and $140. The bulls and bears are being resisted at these price levels. Eventually, if the support cracks the coin will fall to the low of $87. On the upside, a break above $140 will propel the price to reach a high of $160.

ETH/USD – Daily Chart

Daily Chart Indicators Reading:
Ethereum was previously in the oversold region but it is above 20% range of the daily stochastic. Buyers are supposed to emerge as the coin was in the oversold region. The selling pressure ought to subside as the coin is in the oversold region.

ETH/USD Medium-term Trend: Bearish
On the 4 hour chart, the coin is in a descending channel. At the high of $280, the bulls were resisted as the market continue its downward move. The price fell to a low of $100 to resume a range-bound movement.

ETH/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and 50-day SMA are sloping southward indicating that the coin is in a bear market. The Relative Strength index period 14 is level 28 indicates that the coin is in the oversold region of the market. It is also below the centerline 50.

General Outlook for ETH
Ethereum is at the bottom of the chart. The price fell to a low of $100 and it is fluctuating between $100 and $140. Ethereum is oversold suggesting bulls to take control of price. Traders are expected to out to buy setups to initiate long trades.

ETH Trade Signal
Instrument: ETHUSD
Order: Buy
Entry price: $112
Stop: $60
Target: $240

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Ethereum (ETH) Fails to Hold above $240, Encounters Further Selling

Updated:

Key Resistance Levels: $225, $250, $275
Key Support Levels: $150, $125, $100

ETH/USD Long-term Trend: Bullish
Ethereum’s recent fall was caused by the bulls’ inability to sustain above $240 price level. Since on February 25, the market has been fluctuating above $220 before its upward move to the high of $246. As the price breaks above $240, it was expected of the coin to revisit the previous high above $286.

The bulls could not sustain the upward move and they were repelled. The price dropped from a high of $252 to $199. There is possibly of another downward move of the coin. Ethereum may further depreciation to the low of $180 or $197 if the selling pressure continues.

ETH/USD – Daily Chart

Daily Chart Indicators Reading:
Ethereum is now in bearish momentum. The previous bullish momentum was interrupted because the bulls failed to push the price upward. Currently, the market is below 25% range of the stochastic. The market is now in a bearish momentum approaching the oversold region.

ETH/USD Medium-term Trend: Ranging
On the 4 hour chart, the coin has been in a sideways trend. The sideways trend is ongoing as ETH makes a downward move. The third attempt was unsuccessful as price fell to the low of $210 but move up to make a retest at $250. The retest at $250 catapults the coin to further depreciation. Ether has reached a low of $190’.

ETH/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and 50-day SMA are sloping horizontally indicating that the coin is in a sideways trend. The Relative Strength index period 14 is level 31 indicates that the coin is approaching the oversold region of the coin. It is also below the centerline 50.

General Outlook for ETH
Ethereum is bound is still under bear control. It was assumed that Ether will fall but will rebound at a low of $197. Nevertheless, if the price fails to rebound but drops below $180, it will portend negatively for the coin. Besides, since the low at $200 is broken, the price is likely to fall to the $180 low

ETH Trade Signal
Instrument: ETHUSD
Order: Sell
Entry price: $194
Stop: $200
Target: $180

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

EURUSD Surge towards 1.1500 Level, Displaying an Overbought Condition as Coronavirus Rage On

Updated:

EURUSD Price Analysis – March 9

Overall, the coronavirus headlines are set at EURUSD, ranging from the number of cases, steps to avoid the disease, and fluctuations in correlated assets such as yields. Another increase in buying on EURUSD moved the market past the level of 1.1410/1.1450 for an intraday step to its highest level as of January 2019.

Key Levels
Resistance Levels: 1.1569, 1.1530, 1.1500
Support Levels: 1.1285, 1.1095, 1.0779

EURUSD Long term Trend: Bullish

Once again EURUSD posted new YTD highs, this time close to the main barrier at 1.1500 level during the Asian Session. The buying demand continuation may approach the 2019 high at 1.1569 level in the long term.

At the beginning of the week, the upside momentum of the pair picked up the extra pace and advanced further north of the moving average of 5 and 13 around 1.1350 level.

EURUSD Short term Trend: Bullish

The EURUSD currency pair lifted past the level of 1.1350 at the end of last week. During Monday morning, the pair traded around 1.1400/1.1500 level toward the resistance range built on the 4-hour time frame.

If the resistance given holds, a reversal to the south is likely to occur. In this case, it is unlikely that the exchange rate may plunge beneath the 1.1285 level.

Instrument: EURUSD
Order: Buy
Entry price: 1.1350
Stop: 1.1285
Target: 1.1500

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

EURUSD Upside Momentum Continues to Steam Ahead With Overbought Conditions

Updated:

EURUSD Price Analysis – March 2

The euro continued to recover against the US dollar during the European trading session, while the pair headed past the level of 1.1100. Expectations that the Federal Reserve will lower interest rates have cut US yields, and the dollar has fallen sharply. EURUSD benefits from this dollar weakness.

Key Levels
Resistance Levels: 1.1515, 1.1239, 1.1172
Support Levels: 1.1085, 1.0879, 1.0779

EURUSD Long term Trend: Bearish

EURUSD for the first time since mid-January surpassed the level of 1.1100, mainly due to increased pressure from sellers impacting on the US dollar. In the larger structure, the downtrend from 1.1515 (high) has just resumed, and the previous deviation by the moving averages of 5 and 13 confirms the long-term bearish trend.

A steady breakthrough of 78.6% of the rollback from 1.0700 (low) to 1.1515 at the level of 1.1115 may open the way to re-testing the level of 1.0779. At the moment, the trend may stay bearish, while the resistance level of 1.1239 holds, in case of a strong rebound.

EURUSD Short term Trend: Bullish

The rebound of the currency pair from the level of 1.0779 today is growing higher. A break of 61.8% of the pullback from 1.1239 to 1.0779 at 1.1066 level increases the likelihood of a larger bullish reversal. The intraday bias stays on the rise for retesting the key resistance level of 1.1239 in the following.

On the other hand, breaking a minor support level of 1.0940 could change the bias back to the downside to retest the low level of 1.0779.

Instrument: EURUSD
Order: Buy
Entry price: 1.1100
Stop: 1.1085
Target: 1.1155

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

EURUSD Sets Recovery in Motion, Bounces off Lows Toward the Level at 1.0879

Updated:

EURUSD Price Analysis – February 24

The EURUSD begins the fresh week under pressure with a bearish gap after the weekend reports showed a spike in confirmed cases of coronavirus worldwide, especially in Italy and South Korea. The Fx pair has erased its serious over-sold conditions but was unable to run beyond its current daily slump at the level of 1,0879.

Key Levels
Resistance Levels: 1.1239, 1.1172, 1.1094
Support Levels: 1.0827, 1.0779, 1.0700

EURUSD Long term Trend: Bearish

EURUSD is trading in a downtrend beneath its key moving daily average of 13 as the market bounces from 34-month lows. In the larger structure, the downward trend from 1.1515 (high level) has just resumed and long-term bearishness is affirmed by prior rejection through horizontal resistance zones.

A sustained break of 78.6 percent from 1.0779 (low) to 1.1515 at 1.0827 level may lead the way to a low level of 1.0779. For now, the trend may remain bearish as long as 1,1239 level of resistance remains intact, in the event of a strong rebound.

EURUSD Short term Trend: Bearish

Intraday bias in EURUSD remains neutral from level 1.0779 for consolidation. Another rebound may be seen but a 38.2 percent retraction of 1.1094 to 1.0779 at 1.0879 level should be limited to the upside.

On the downside, the 1.0779-level break may continue a larger downward trend. However, to produce a deeper pullback up to the 1.0940 and 1.0981 stages, the spot may require breaking beyond the 1.0879 resistance level.

Instrument: EURUSD
Order: Sell
Entry price: 1.0879
Stop: 1.0900
Target: 1.0779

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Ethereum (ETH) Holds Critical Support, Battles the Resistance at $286

Updated:

Key Resistance Levels: $225, $250, $275
Key Support Levels: $150, $125, $100

ETH/USD Long-term Trend: Bullish
In its recent moves, Ethereum reached a high of $286 on February 13. The bulls were unable to break the recent high as they make a retest. Ether was repelled on the second unsuccessful attempt. On each occasion, the bulls were resisted and the price fell to a low of either $238 or $250. The bulls are unrelenting as they make the third attempt.

Meanwhile, ETH is now fluctuating between $238 and $286 since February 13. At the moment, ETH is falling, if the $238 support is breached, ETH will fall to $200 low. Similarly, on the upside, if the bulls break the current resistance at $286, Ether will rise to $325.

ETH/USD – Daily Chart

Daily Chart Indicators Reading:
Ethereum is currently trading at level 63 of the daily Relative Strength Index. This indicates that ETH is in the uptrend zone. There is the likelihood of the coin to rise. The price is above the 21-day SMA and 50-day SMA indicating that the coin will rise.

ETH/USD Medium-term bias: Ranging
On the 4 hour chart, the uptrend has turned to a sideways trend. The bulls are faced with the resistance at $286. On the chart, the bulls have tested the resistance on two occasions without breaking it. However, on each occasion, the price will fall to the support of $250.

ETH/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and 50-day SMA are sloping horizontally indicating that the coin is in a sideways trend. Ether is below 80% range of the daily stochastic indicating that the coin is in a bullish trend. Meanwhile, the stochastic bands are making a U-turn indicating that the coin will soon be in a bullish trend.

General Outlook for ETH
Undoubtedly, Ethereum will resume its upward move if the current resistance is breached. Despite the current price falls, the bulls are at an advantage over the bears. Ether will overcome the current resistance if more buyers are introduced  at a higher price level,

ETH Trade Signal
Instrument: ETHUSD
Order: Buy
Entry price: $270
Stop: $200
Target: $320

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

EURUSD to Continue Its Decline as Bears Stay in Charge

Updated:

EURUSD Price Analysis – February 17

The EURUSD pair is trading near the Friday multi-year low of 1.0827 level, showing small targets to move in one direction or another, as the daily high was set at 1.0850 level. Insufficient European macroeconomic calendar and US markets during the holidays are behind the lack of trade interests.

Key Levels
Resistance Levels: 1.1239, 1.1172, 1.1095
Support Levels: 1.0827, 1.0770, 1.0700

EURUSD Long term Trend: Bearish

EURUSD is exchanging in a feeble downtrend underneath the technical daily moving averages of 5 and 13, as the spot stays under tension close to 34-month lows. The price is exchanging somewhat underneath the 2019 lows.

A sustained breakthrough of 58.6% recovery from 1.0700 (low) to 1.1515 at 1.0827 levels could pave the way for retesting the 1.0770 low level. At the moment, its trend may remain bearish, while the resistance level of 1.1239 level holds, in case of a strong rebound.

EURUSD Short term Trend: Bearish

The intraday bias in EURUSD stays at a downward level with insignificant resistance at 1.0879 level, while the current downtrend should be aimed at a forecast of 161.8% from 1.1172 to 1.0981 from 1.1095 at 1.0827 levels.

On the other hand, a slight resistance past the 1.0879 can change the neutral intraday bias and lead to consolidation in the first place. But the recovery should be contained by the support turned resistance of 1.0981 level to resume another fall.

Instrument: EURUSD
Order: Sell
Entry price: 1.0850
Stop: 1.0879
Target: 1.0770

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.