FxWirePro: ETH/USD Faces Strong Resistance at $14.85, Good to Buy at Dips

FxWirePro: ETH/USD Faces Strong Resistance at $14.85, Good to Buy at Dips

9 June 2016, 13:53
Roberto Jacobs
0
16

FxWirePro: ETH/USD Faces Strong Resistance at $14.85, Good to Buy at Dips

  • Major intraday support - $13.20 (21 day MA) 
  • Major resistance- $14.40 
  • The pair has broken major resistance $14.40 (May 31st high) and jumped till $14.75 at the time of  writing. Ethereum short term resistance is around $14.85 and any violation above will take the  till $15.20/$15.75 in the short term. 
  • On the downside minor support is around $13.60 and any break below $13.60 will take the pair down till $13.40/$13.20/$13. 
  • The pair should close below $13.20 for minor weakness till $12.55/$11.85/$11.20 level. Short term weakness only below $10.

It is good to buy at dips around $14 with SL around $13.55 for the TP of $14.85/$15.20

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