Ether (ETH) Market Update for Feb 13, 2019

Feb 13, 2019 --- Altcoins

Ether (ETH) Market Update for Feb 13, 2019

ETHBTC tried to make another push to the upside above the 50 SMA over the past 24 hours but has so far failed to hold those gains which has led to what appears to be a gravestone doji candle while price remains inside of the lower supply area, all of which point to lower prices from here over the near-term. Also note that the 200 SMA continues to fall and is already starting to provide additional resistance, the momentum and volume indications leave something to be desired, and the top of the Ichimoku Cloud is also acting as resistance for now, which is why we are moving our initial PT target lower once again despite the still bullish EMA's. 

We will stay in the remaining portion of the LONG position off of the 0.0xx level with a stop around breakeven an initial target of 0.0xx, and a final target of 0.0xx


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