ETH lower because the markets are waiting for the report on salary statements outside of agriculture - market tactualizations

Ethereum was slightly lower than the markets prepared for today's afternoon report on the employment figures outside of agriculture. The December report is intended to show an increase of 200,000 jobs in the US economy, which would mean a decline compared to the 263,000 in November. Bitcoin was also slightly declining before the publication.

Bitcoin

bitcoin ( Bitcoin ) on Friday continued to move slightly under the level of $ 17,000 in front of the youngest US working market numbers (NFP) consolidated.

Today's report is expected to show an increase of 200,000 jobs in business, less than the previous number for November, which was 263,000

Before the data, bitcoin /USD fell to a low of $ 16.738,90 Support level of $ 16,800

If you look at the diagram, today's decline comes from the fact that the 14-day relative strength index (RSI) continues to slip after it could not break out over an upper limit of 51.00

At the moment the index moves at 47.24 and seems to be controlled to a support point of 43.00.

If a more stronger NFP number is published, the momentum could still shift, which could cause the sliding 10-day average (red) to approach its 25-day counterpart (blue).

ether

uther ( eth ) was also slightly lower on Friday, since the prices were tried to stay above an important support point.

After a high of $ 1,255.42 on Thursday ETH /USD in today's session fell on a low of 1,242,63 $.

ETH , despite today's decline, which could be broken depending on the NFP number, remained above its latest price limit of 1,230 $

As can be seen from the diagram, the sliding 10-day (red) and 25-day average (blue) are approaching, whereby an upward crossover is very likely.

If such a movement occurs, the RSI must also move upwards and possibly break out of its current upper limit for the 57.00 mark.

This will certainly also increase the chances that Ethereum will climb again via the resistance point of $ 1,300.

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Do you expect the cryptocurrencies to recover according to today's report? Leave your thoughts in the comments below.

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Eliman Damell

Eliman brings an eclectic view of the market analysis, he was previously a broker director and trainer in retail. He currently acts as a commentator for various investment classes, including crypto, stocks and foreign exchange.

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