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GBP/USD: general analysis 19 April 2019, 10:54

GBP/USD: general analysis 19 April 2019, 10:54 Scenario Timeframe Intraday Recommendation SELL Entry Point 1.2997 Ta...

Nov 8, 2018

Ethereum: technical analysis 08 November 2018, 10:59

Timeframe Weekly
Recommendation SELL
Entry Point 211.80
Take Profit 187.50, 156.25
Stop Loss 226.00
Key Levels 125.00, 156.25, 187.50, 218.75, 250.00, 281.25
Alternative scenario
Recommendation BUY STOP
Entry Point 221.00
Take Profit 250.00
Stop Loss 205.00
Key Levels 125.00, 156.25, 187.50, 218.75, 250.00, 281.25
Current trend
This week, the price of Ether has risen to the upper border of the narrow trading range of 218.75–187.50 (Murrey [6/8]–[4/8]). In case of consolidation above it, growth to the area of 250.00 is possible (Murrey [8/8]). However, it is more likely that the instrument will stay within the range and will be corrected to its lower border at 187.50. If the rate consolidates below this level, a greater weakening may follow to 156.25 (Murrey [2/8]) and 125.00 (Murrey [0/8]).
Technical indicators do not give a clear signal. Bollinger Bands are horizontal. MACD histogram is at the zero line, its volumes are insignificant. Stochastic is directed upwards but it approaches the overbought zone, which indicates the possibility of a reversal.
Support and resistance
Resistance levels: 218.75, 250.00, 281.25.
Support levels: 187.50, 156.25, 125.00.

Trading tips
Short positions can be opened from the current level with the targets at 187.50, 156.25 and stop loss around 226.00.
Long positions can be opened above the level of 218.75 with the target at 250.00 and stop loss around ​​205.00.
Implementation period: 4–5 days.

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