net_left adver left
Detail

Possible Trade Entry for ETH as Its Price Drops Over 24 Hours

The current level of ETH is at a buy-trade entry opportunity.At the moment, there is no indication of the further price trend for ETH. The Daily RSI of the coin has crossed...
Possible Trade Entry for ETH as Its Price Drops Over 24 Hours Possible Trade Entry for ETH as Its Price Drops Over 24 Hours

    • The current level of ETH is at a buy-trade entry opportunity.
    • At the moment, there is no indication of the further price trend for ETH.
    • The Daily RSI of the coin has crossed towards the oversold territory.

The largest altcoin by market cap, Ethereum (ETH), signals a buying opportunity level for day traders and potential scalpers.

According to CoinMarketCap, the price of ETH has dropped 2.39% over the last 24 hours to take its price down to $1,038.6. This price dip also adds to its dismal weekly performance as the coin is now 15.43% down over the last 7 days.

Given the current level of ETH, it may be good to buy opportunities for traders for a short- to medium-term trade.

ETH/USDT- 1-day Trading chart (Source: CoinMarketCap)

Looking at the daily trading chart of ETH/USDT, the price of ETH has neutrally broken out of the bearish descending triangle chart pattern. This may indicate that the price of ETH will consolidate around the support level at $1,032.27 as bears eased their pressure slightly and bulls attempted to keep the price above this level.

Given that the bearish chart pattern did not play out and bears were unable to break the support level, investors could now try to identify some trade entries for ETH. The Relative Strength Index (RSI) is also in oversold territory which may suggest that the selling pressure has been exhausted.

Furthermore, the RSI line has recently crossed below the RSI SMA line, but not convincingly. This could indicate that this movement is not a strong one and may not hold

Investors and traders should be cautious as the latest candle has escaped the chart pattern and has not yet closed. If the candle closes below the base of the pattern then the short-term bullish thesis will be invalidated.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.

Continue reading on CoinQuora

HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
20-08-2022 02:36:37 (UTC+7)

EUR/USD

1.0037

-0.0051 (-0.51%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (2)

EUR/USD

1.0037

-0.0051 (-0.51%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (2)

GBP/USD

1.1818

-0.0112 (-0.94%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (3)

Sell (4)

USD/JPY

136.85

+0.96 (+0.71%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (2)

Sell (3)

AUD/USD

0.6873

-0.0046 (-0.66%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (3)

USD/CAD

1.2994

+0.0047 (+0.36%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (4)

EUR/JPY

137.36

+0.28 (+0.20%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (4)

EUR/CHF

0.9625

-0.0027 (-0.28%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (5)

Gold Futures

1,761.05

-10.15 (-0.57%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

Silver Futures

18.983

-0.481 (-2.47%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

Copper Futures

3.6595

+0.0280 (+0.77%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (6)

Crude Oil WTI Futures

90.27

-0.23 (-0.25%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (5)

Brent Oil Futures

96.12

-0.47 (-0.49%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (3)

Natural Gas Futures

9.291

+0.103 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

US Coffee C Futures

216.20

+1.50 (+0.70%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (9)

Euro Stoxx 50

3,730.32

-47.06 (-1.25%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (2)

S&P 500

4,227.83

-55.91 (-1.31%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (6)

DAX

13,544.52

-152.89 (-1.12%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (1)

FTSE 100

7,550.37

+8.52 (+0.11%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (2)

Hang Seng

19,773.03

+9.12 (+0.05%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (4)

US Small Cap 2000

1,950.25

-51.16 (-2.56%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (4)

Sell (2)

IBEX 35

8,338.10

-92.20 (-1.09%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

BASF SE NA O.N.

43.035

-0.405 (-0.93%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (10)

Sell (0)

Bayer AG NA

54.40

+0.34 (+0.63%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (10)

Allianz SE VNA O.N.

176.02

-2.50 (-1.40%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (7)

Adidas AG

165.60

-1.92 (-1.15%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (8)

Deutsche Lufthansa AG

6.275

-0.291 (-4.43%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (2)

Siemens AG Class N

108.20

-2.06 (-1.87%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Deutsche Bank AG

8.496

-0.372 (-4.19%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (4)

Sell (3)

 EUR/USD1.0037Buy
 GBP/USD1.1818Sell
 USD/JPY136.85Neutral
 AUD/USD0.6873Buy
 USD/CAD1.2994Neutral
 EUR/JPY137.36Neutral
 EUR/CHF0.9625↑ Sell
 Gold1,761.05↑ Buy
 Silver18.983↑ Buy
 Copper3.6595↑ Sell
 Crude Oil WTI90.27↑ Sell
 Brent Oil96.12Neutral
 Natural Gas9.291↑ Buy
 US Coffee C216.20↑ Sell
 Euro Stoxx 503,730.32↑ Buy
 S&P 5004,227.83↑ Sell
 DAX13,544.52Neutral
 FTSE 1007,550.37↑ Buy
 Hang Seng19,773.03Neutral
 Small Cap 20001,950.25Neutral
 IBEX 358,338.10↑ Buy
 BASF43.035↑ Buy
 Bayer54.40Sell
 Allianz176.02↑ Sell
 Adidas165.60↑ Sell
 Lufthansa6.275Buy
 Siemens AG108.20↑ Sell
 Deutsche Bank AG8.496Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,600/ 6,700
(0/ 0) # 1,734
SJC HCM6,620/ 6,720
(0/ 0) # 1,753
SJC Hanoi6,620/ 6,722
(0/ 0) # 1,755
SJC Danang6,620/ 6,722
(0/ 0) # 1,755
SJC Nhatrang6,620/ 6,722
(0/ 0) # 1,755
SJC Cantho6,620/ 6,722
(0/ 0) # 1,755
Cập nhật 20-08-2022 02:36:39
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,746.69-11.88-0.68%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V25.34025.840
RON 95-III24.66025.150
E5 RON 92-II23.72024.190
DO 0.05S22.90023.350
DO 0,001S-V24.88025.370
Dầu hỏa 2-K23.32023.780
ↂ Giá dầu thô thế giới
WTI$89.89+0.370.41%
Brent$95.66+0.20.21%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.235,0023.545,00
EUR22.981,7524.268,73
GBP27.175,3928.334,31
JPY167,13176,93
KRW15,2618,59
Cập nhật lúc 18:54:07 19/08/2022
Xem bảng tỷ giá hối đoái
adver main right