Back test support

٥ أبريل ٢٠١٩

After the bull wake up and test high, it countered the resistance at 180 Day EMA.
Ethereum VS US dollar pair looks like come to back test the support level.
Compare with bitcoin USD pair, the Up Trend is not as strong as bitcoin.
Maybe it is just because some Ethereum item develop team dumping it for hot cash to maintain their item development.

Now let's see if the support could be hold or not.
Support 1: 5 days SMA
Support 2: 200 days SMA (First level Key support)
Support 3: 10 days SMA
Support 4: 20 days SMA
Support 5: 50 days SMA (2nd level Key Support)

On the other hand the resistance will be:
1. The horizontal zone that connect from low of Nov 2018 to the high of Jan and the high of Feb, 2019.
2. 180 days EMA (Key Resistance)

Overall our bias is the trend structure is still bullish.

٥ أبريل ٢٠١٩

ملاحظة

Look like ready to Go.

٥ أبريل ٢٠١٩

ملاحظة

Just a kiss of our setting target line

٦ أبريل ٢٠١٩

ملاحظة

Trading Volume too small.
Possible Moving down to test support.

٦ أبريل ٢٠١٩

ملاحظة

Steady buying interest from the support side.