Ethereum trading cryptocurrency market update for Jul 17, 2019

Jul 18, 2019 --- Altcoins

Ethereum trading cryptocurrency market update for Jul 17, 2019

 

Daily Chart

Ethereum v's Bitcoin has bounced off of the 0.0201 local and regional lows from yesterday recently which sparked a fairly bullish dragonfly doji yesterday while momentum is truly oversold, decent signs for the bulls moving forward, although SCMR has stayed red over the past few days and the current candle formation leaves something to be desired and has sparked new dynamic resistance immediately overhead so the bears are still in control overall. We can also see that all of the moving averages continue to fall, as does the Ichimoku Cloud, and the volume indications remain a disaster so we'll stay on the sidelines for lower prices despite the countertrend move over the past 24 hours.

 

Short term Members ProTrade - No trades at this time

Medium term Members ProTrade - No trades at this time

Long term Members ProTrade - We will consider a LONG position on a move down to the 0.0xx - 0.0xx area with a stop around 0.00xx and a target of 0.xx.

 

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