raybana

eth/usd trading with SMA and pivots

BITSTAMP:ETHUSD   Ethereum
ETH/USD
PP= 735.26
R1= 767.25
S1= 704.46
R2= 798.04
S2= 672.47
ETHEREUM has been stuck around the 700$ for some days now since 25th
of december when the SMA 20 crosses the SMA 100 around 2pm( still
using the 1hour chart) , it is good to buy the pair on dip since there
is no clear sign of downward trend yet ,market might be trying to get
to 672 before reversal but so far trend still pointing upward (RSi a
little above 40 still showing its a good time to buy on dip)...
The points above are levels to watch for today.




R3= 830.04 (MOVEMENT ABOVE THIS MEANS THE PAIR IS BEING OVERBOUGHT)
S3= 641.79 (MOVEMENT BELOW THIS IMPLIES MEANS THE PAIR IS OVERSOLD)

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