ETH/USD is currently consolidating the price in a flag formation. The Elliott Oscillator has had a bearish session after six straight bullish sessions. ETH/USD has had a bearish start to the day as the price of the asset fell from $176.20 to $175.20. The hourly breakdown shows that ETH/USD faced intense selling pressure during the first three hours of Saturday, dropping from $176.20 to $175.10 in the process. The bulls were then able to come back and bring the price up to $175.20. As can be seen in the chart below, the ETH/USD is currently consolidating itself in a flag pattern. This is usually an indication of an upcoming breakout. ETH/USD daily chart ETH/USD is trending below the 200-day, 50-day and 20-day Simple Moving Average (SMA 200, SMA 50 and SMA 20) curves. The Moving Average Convergence/Divergence (AMCD) indicator shows 12 straight bearish sessions, while the Elliott Oscillator has had a bearish session after six consecutive bullish sessions. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Bitcoin Gold price analysis: BTG/USD spiked up by 5.67% in just one hour FX Street 3 years ETH/USD is currently consolidating the price in a flag formation. The Elliott Oscillator has had a bearish session after six straight bullish sessions. ETH/USD has had a bearish start to the day as the price of the asset fell from $176.20 to $175.20. The hourly breakdown shows that ETH/USD faced intense selling pressure during the first three hours of Saturday, dropping from $176.20 to $175.10 in the process. The bulls were then able to come back and bring the price up to $175.20. As can be seen in the chart below, the ETH/USD is currently consolidating itself in a flag… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
