empty
 
 
28.11.2019 09:49 AM
Technical analysis of ETH/USD for 28/11/2019:

Crypto Industry News:

One of South Korea's major cryptocurrency exchanges - operated by a subsidiary of the Korean technology giant Kakao - notified users of the theft of 342,000 Ethereum from a hot wallet. The incident was confirmed in an official statement by Lee Seok-woo, CEO of Upbit operator Dunam.

In his statement, Lee Seok-woo revealed that:

"At 13:06 November 27, 2019, 342,000 ETH (about 58 billion won) was transferred from Upbeat Ethereum Hot Wallet to an unknown wallet. The unknown wallet address is 0xa09871AEadF4994Ca12f5c0b6056BBd1d343c029," we read.

Apologizing to users for any "inconvenience" arising, the CEO outlined the measures that the stock exchange took after detecting the incident, while not calling it "hacking."

The stock exchange is committed to protecting user assets by stating that ETH 342,000 (approximately $ 50 million) will be covered by corporate funds. Resuming deposits and withdrawals will take at least two weeks - Lee Seok-woo promises to inform users as soon as they are re-opened.

The director-general also pointed out that all other recent large-scale transfers were not abnormal but were related to the transfer of stock exchange assets between hot and cold portfolios.

Technical Market Overview:

The ETH/USD pair is currently testing the key technical resistance located at the level of $152.28 and even a new local high was made at the level of $154.78. Nevertheless, the move upwards was made in three waves only, so it looks like a typical simple corrective move during a downtrend. When the correction is terminated, the market should resume the downtrend. The key short-term support is seen at the level of $136.98.

Weekly Pivot Points:

WR3 - $213.59

WR2 - $198.67

WR1 - $165.68

Weekly Pivot - $151.03

WS1 - $118.96

WS2 - $103.42

WS3 - $72.28

Trading Recommendations:

The best strategy in the current market conditions is to trade with the larger timeframe trend, which is still up. All the shorter timeframe moves are still being treated as a counter-trend correction inside of the uptrend. When the wave 2 corrective cycles are completed, the market might will ready for another impulsive wave up of a higher degree and uptrend continuation.

This image is no longer relevant

انسٹافاریکس کے ساتھ کرپٹو کرنسی کی معاملاتی تبدیلیوں سے کمائیں۔
میٹا ٹریڈر 4 ڈاؤن لوڈ کریں اور اپنی پہلی ٹریڈ کھولیں۔
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    مقابلہ میں شامل ہوں
  • چانسی ڈیپازٹ
    اپنے اکاؤنٹ میں 3000 ڈالر جمع کروائیں اور حاصل کریں$9000 مزید!
    ہم مئي قرعہ اندازی کرتے ہیں $9000چانسی ڈیپازٹ نامی مقابلہ کے تحت
    اپنے اکاؤنٹ میں 3000 ڈالر جمع کروانے پر موقع حاصل کریں - اس شرط پر پورا اُترتے ہوئے اس مقابلہ میں شرکت کریں
    مقابلہ میں شامل ہوں
  • ٹریڈ وائز، ون ڈیوائس
    کم از کم 500 ڈالر کے ساتھ اپنے اکاؤنٹ کو ٹاپ اپ کریں، مقابلے کے لیے سائن اپ کریں، اور موبائل ڈیوائسز جیتنے کا موقع حاصل کریں۔
    مقابلہ میں شامل ہوں
  • 100 فیصد بونس
    اپنے ڈپازٹ پر 100 فیصد بونس حاصل کرنے کا آپ کا منفرد موقع
    بونس حاصل کریں
  • 55 فیصد بونس
    اپنے ہر ڈپازٹ پر 55 فیصد بونس کے لیے درخواست دیں
    بونس حاصل کریں
  • 30 فیصد بونس
    ہر بار جب آپ اپنا اکاؤنٹ ٹاپ اپ کریں تو 30 فیصد بونس حاصل کریں
    بونس حاصل کریں

تجویز کردہ مضامین

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
Widget callback