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08.12.202311:50 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Ethereum Cryptocurrency, Friday December 08, 2023.

Exchange Rates 08.12.2023 analysis

On the 4-hour chart, the Ethereum cryptocurrency appears to be moving above the Kumo Chikou Span and the Tenkansen and Kinjun Sen which intersect the Golden Cross are also above the Kumo and is supported by the emergence of hidden deviations between Ethereum price movements and the CCI indicator confirming that currently Ethereum is moving stronger, heading to level 2420.60, even if there is a momentary correction retrace as long as it does not fall below level 2247.19 then Ethereum is still in a strong bias condition.

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Arief Makmur,
Analytical expert of InstaSpot
© 2007-2024
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