MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Trading Signal for Ethereum, ETH/USD, for July 16 - 19, 2021: Buy above $1,875

analytics60f18aff87826.jpg

The price of Ethereum ETH / USD, in 4-hour charts is trading under bearish pressure below the SMA of 21 and below a downtrend channel. At this time of writing, it is at 1,845, the lowest level of this week, however, there could be a technical rebound.

Ethereum is below the psychological level of 2,000, so a consolidation above this level may favor the bullish outlook and reach the 4/8 murray resistance zone at $ 2,500.

On the contrary, the bottom of $ 1,875, where the 2/8 of murray is located, has strongly defended the fall of ETH, on several occasions it has rebounded above this level, which will give us once again an opportunity to buy and trade within this price range up to the level of 200 EMA (2,161).

In the medium term, if the market fear persists and the bulls cannot sustain a price above $ 2,000 per token, ETH may fall to the 1/8 murray support zone located at 1,562. This level will give ETH a break from downward pressure and the price could enter a consolidation phase.

Our recommendation in the short term is to buy ETH / USD, they only remain above 1,875, with targets at 1,950. The break of this level may give the bullish impulse to the resistance zone of 2,165 as tte ultimate target.

Support and Resistance Levels for July 16 - 19, 2021

Resistance (3) 2,174

Resistance (2) 2,012

Resistance (1) 1,943

----------------------------

Support (1) 1,826

Support (2) 1,781

Support (3) 1,688

The material has been provided by InstaForex Company - www.instaforex.com