Ethereum: SMA200 as Resistance and When to Buy

The price broke the local downtrend line and moved upward. SMA with period 200 could stop the upward movement.

We should be ready to see a pullback to 220.00 support level. RSI and MACD histogram looks bearish.

The breakout above SMA200 will confirm the strength of buyers and the further upward movement to SMA100. It will give a buy opportunity.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.