Technical Analysis of Intraday Price Movement of Ethereum Cryptocurrency, Friday August 11 2023.
August 11, 2023 5:25 am
Even though Ethereum has a limited ranging move, actually this crypto currency is currently in the domination of sellers where this can be seen from the price movement which moves below the MA (120) and below the WMA (20) and the Andean Oscillator indicator whose green line is getting ready to cut below the line orange so that in the near future Ethereum has the potential to fall down to the level of the area of 1817.5-1803.5 unless on its way to the level of that area there is a sudden upward correction movement which passes the SMA level (120) and/or 1884.0 then the scenario of weakening is previously described will be canceled by itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
Even though Ethereum has a limited ranging move, actually this crypto currency is currently in the domination of sellers where this can be seen from the price movement which moves below the MA (120) and below the WMA (20) and the Andean Oscillator indicator whose green line is getting ready to cut below the line orange so that in the near future Ethereum has the potential to fall down to the level of the area of 1817.5-1803.5 unless on its way to the level of that area there is a sudden upward correction movement which passes the SMA level (120) and/or 1884.0 then the scenario of weakening is previously described will be canceled by itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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