empty
 
 
23.04.2019 08:35 AM
Technical analysis of Ethereum for 23/04/2019

Crypto Industry News:

The central bank of Russia reviewed the potential benefits and disadvantages of central bank digital currencies (CBDC), as we read in the published report.

In the document entitled "Is there a future of central bank digital currency", the Central Bank of the Russian Federation presented a number of potential benefits from CBDC, such as their ability to reduce transaction costs in the economy, as well as providing assets that are less risky and more liquid. However, the Bank of Russia noted that the CBDC's potential for minimizing transaction costs can only be realized if the CBDC technical solution offers a better tool in terms of ease of payment and savings compared to fiat money and debit cards. Recognizing the sufficient advantages of CBDC, the central bank indicated the lack of CBDC anonymity as the only potential disadvantage, namely the inability of CBDC to provide the same level of anonymity that gives cash.

Technical Market Overview:

The ETH/USD pair is still trading below the recent local top of the wave (1) of the lesser degree located at the level of 175.11 Nevertheless, the bounce from the level of 163.27 looks strong and there is still a chance for a rally towards the level of 177.13 and even towards the top of the wave 1/A located at the level of 183.34. The positive momentum supports the short-term bullish bias

Weekly Pivot Points:

WR3 - 198.18

WR2 - 186.32

WR1 - 175.54

Weekly Pivot - 163.96

WS1 - 153.36

WS2 - 141.23

WS3 - 129.71

Trading recommendations:

Daytraders should pay attention to price behavior and a possible breakout higher, through the level of 175.82. After this level is violated, the next resistance is seen at the level of 177.13 and then there is an empty room for a spike upwards towards the recent top of the wave 1/A. Buy stop orders should be used to trade this bullish setup and protective stop loss should be placed as well.

This image is no longer relevant

Sebastian Seliga,
Especialista em análise na InstaForex
© 2007-2024
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $8000 mais!
    Em Março nós sorteamos $8000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback