Technical analysis: . IOTA/ETHEREUM is in range bound and beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.0018 to 0.0015). if so, traders can set orders based on...
Technical analysis: . ICON/ETHEREUM is in a Range Bound and Beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.0050 to 0.0044). if so, traders can set orders based on...
Technical analysis: . AETERNITY/ETHEREUM is in a Range Bound and Resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 51. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.00539 to 0.00509). if so, traders can set orders based on...
Technical analysis: . ZCASH/ETHEREUM is in a Range Bound and Beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 64. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.390 to 0.329). if so, traders can set orders based on...
Technical analysis: TRON/ETHEREUM s in a range bound and beginning of uptrend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 45. Trading suggestion: The price is in a range bound but we forecast the uptrend would begin. There is a possibility of temporary retracement to suggested support zone (0.000090...
Trading was volatile and bitcoin was about 11 percent higher near $7,680 as of 9:36 a.m.The sudden jump forced traders who had bet against the cryptocurrency to buy back into the market. "Once bitcoin broke higher, shorts were squeezed and forced to cover," said Brian Kelly, CNBC contributor and head of BKCM, which runs a digital assets strategy for...
The price of the ETHUSD apparently moves towards the level of $ 787, which is the abolition of 38% Fibonacci previous decline. To reach this level, the price must be above $ 712 after the end of wave 4. The closest support for bulls is the level of $ 519 and $ 510. Breaking the market above the golden downward trend line is promising in itself and may indicate...
ETHEREUM/DOLLAR New trading suggestion: The price is in an up trend and we forecast the uptrend would continue. There is possibility of temporary retracement to suggested support line (527.285) , if so, traders can set orders based on Price Action and expect to reach short-term targets. Midterm forecast: While the level 527.285 is not broken, the...
Brief tech analysis for ETH and BTC. is it a falling knife or bounce or just consolidation? If the latter, how much longer... ?
See the chart. Are we breaking out of inverse H&S? Seems odd.
This is what I think about $ETH but note, BTC will still fly high in a faster rate than $ETH.
If you have ETH wait for the next pump towards 0.09 or 0.089 and sell it off to BTC. It will go down from here. ETH USD value may be bullish but ETH BTC will be bearish. If you want more profit, switch your holdings to BTC from now. Look at my other BTC idea for positive elliot wave of BTC.
ETH has been following a downward trend channel and have a downward support at over 627$failing to find support there it can possible fall in the range of 550$. As you can see the volume has been very low at the peak points. It would be safe to wait for ETH to reach 960$ levels before having any long position.
The 4H ETH was supposed to be bullish after spotting the H&S pattern but the ETH failed to cross the 866$ mark. The market could possible see further down trend if it falls below 800$ i.e., below the 20 MA and 50 MA. A few sings for bullish pattern could be spotted if it breaks the 885$ resistance with a higher volume. Further more the RSI pattern also shows a...
The reduced buy volume is a clear sign for reversal in trend. The price might move a little up till the point of previous shoulder and then a downtrend is expected. This pattern will fail if a sudden surge in buy volume is seen and if the neckline is not broken.
All the current technical analysis show only one particular thing in common, ETH is having a bad time given the reduced amount of volumes and other analysis. The 4H chart of ethereum shows a clear sign of following trend. Support levels of ethereum can be expected to be around 400-500 levels.
The instrument is in a consolidation phase with a bullish bias. The price action shows that it is pulling at the ropes to push through higher but it has been held back by the bearish phase in the cryptos. On the technical side, a break through the $1160 region should lead the prices higher into the $1240 region which should act as the next region of...