Market moves sideways – June 14
The ETH / USD market is moving sideways around the main level of $ 2,500 and is now trading at a market value of $ 2,490 at a rate of approximately -0.87%.
The market moves sideways: ETH Market
Resistance levels: $ 3,000, $ 3,500, $ 4,000
Support levels: $ 2,000, $ 1,800, $ 1,600
ETH / USD – daily chart
The placement of trading indicators on the ETH / USD daily chart shows that the cryptographic market is moving sideways, mostly at the $ 2,500 level. The rising trend line was drawn below the SMA, strongly indicating an upward trend. 14 = the day SMA trend line is located above the 50-day SMA indicator. Stochastic oscillators have moved down from the overbought territory, crossing the lines back upwards between 20 and 40. It also marks a possible return of upward movement in the near future.
The ETH / USD market is moving sideways, will there be a sustained rise in price operations soon?
It now appears that the current sideways movement of the market has been to create decent market access ETH / USD to start the bull stand. The path north seems to find support on the buy signal side of the uptrend line drawn under the SMAs. A strong push north could break the smaller SMA sales signal side past a new fresh key point upside down.
Breaking away from the smaller SMA trend line to the north could, in the long run, make it difficult for the cryptographic market to have reasonable access to the bear in the near future. The signal position currently indicated by the stochastic oscillators appears to indicate a return of upward pressure, which may be during significant session trading.
ETH / BTC price analysis
Trend comparison on a scale between Ethereum and Bitcoin, the former encryption still has more mobile capacity than the latter trading medium. Currently, for about a couple of days, the market is moving sideways between the 14-day SMA and the uptrend line, with the 50-day SMA indicator below it. They are all still pointing north. Stochastic oscillators are in the oversold territory with crossed lines trying to point north. This means the possibility that the base crypt may soon return its trend weight to the flagship cryptocourse.
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