ETH/USD within the confinements of ascending wedge, vulnerabilities remain tilted to the downside


  • Ethereum price on Thursday is trading in very minor negative territory as the market ranges. 
  • ETH/USD price action is moving within an ascending channel formation, subject to a breakout to the downside.
  • Vulnerabilities still point to potential downside, given the failure to breakout from recent daily range. 

 

Spot rate:                138.57  

Relative change:      -0.05%

High:                        141.27

Low:                         136.21 

 

Trend:                       Neutral

 

Trends:
    Daily SMA20: 138.09
    Daily SMA50: 124.22
    Daily SMA100: 121.64
    Daily SMA200: 170.64
Levels:
    Previous Daily High: 141.86
    Previous Daily Low: 134.73
    Previous Weekly High: 167.77
    Previous Weekly Low: 127.73
    Previous Monthly High: 167.77
    Previous Monthly Low: 101.12
    Daily Fibonacci 38.2%: 139.14
    Daily Fibonacci 61.8%: 137.45
    Daily Pivot Point…



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