Ethereum / Bitcoin Spot
Ethereum remains under heavy downside pressure after breaking under the October monthly trading low, following the broader digital currency market decline. Going forward, continued weakness below the $150.00 level will be bad for ETHUSD trading sentiment. Bulls need to stage a major rally above the $180.00 level to encourage traders to buy ETHUSD again. • If the...
Technical analysis: . DigiByte/Ethereum is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00004050 to 0.0000360). if so, traders can set orders based on...
Ethereum is under pressure on Tuesday, with short-term bulls taking back control of the cryptocurrency below the $180.00 support level. Going forward, the ETHUSD pair still has a strong correlation to Bitcoin, many altcoins are also breaking lower. Overall, a bearish head and shoulders pattern with strong downside potential has been triggered on the lower time...
Technical analysis: . VERGE/Ethereum is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 80. The RSI downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of...
Ethereum is performing fairly well despite the recent heavy losses seen across the broader cryptocurrency market this week. Continued gains above the $180.00 level are now needed to challenge towards the top of the ETHUSD pair’s short-term trading range. Crypto market sentiment is still weak at present, although the altcoin space appears to be performing better...
Technical analysis: . Siacoin/Ethereum is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 53. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00001000 to 0.00000820). if so, traders can set orders based on...
Technical analysis: . IOST/ETHEREUM is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 57. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00003175 to 0.00002380). if so, traders can set orders based on Price...
Ethereum is under downside pressure alongside the broader cryptocurrency market on Wednesday, although the second-largest cryptocurrency continues to hold the $180.00 level. The ETHUSD pair still stands a respectable chance of recovering towards the $250.00. Overall, a strong upside rally in the BTCUSD pair would be highly advantageous to the ETHUSD pair right...
NIFTY: Daily price action has created a resistance on the chart. Now 12015 (spot) levels will be acting as resistance. The dominant trend is up, the prices are trending above the kumo indicating strength. Momentum has slowed a bit, however it is expected to pick up in the coming sessions if 11820 holds on closing basis. Below 11820 Nifty may drift down 11560...
Ethereum has pulled back from the $190.00 resistance level after buyers failed to performed a breakout above the $200.00 resistance level. Despite the recent move lower, the ETHUSD pair still has a bullish intraday bias while trading above the $180.00 level. Overall, the ETHUSD pair still has the potential to trade towards the $250.00 level while trading above the...
Ethereum is pressing higher on Wednesday, following a bullish breakout above a symmetrical triangle pattern on the lower time frames. The $200.00 level remains the near-term upside objective, although the $250.00 resistance level is the main objective. Only a sustained move below the $180.00 level can negate the bullish intraday sentiment surrounding the ETHUSD...
1. Taking a long position on the retest of broken trendline. 2. If the retest fails it will go down hard. 3. Taking small risk over the account with proper Risk Management.
ETHUSD: The contract is into dominant down trend. The RSI is taking resistance at the bear market extreme with a NR formation. 196.50 is a strong pivot level. The contract needs to register a close above it to establish a trend change (as a double bottom is noticed). However any failure to move above 196.50 will lead to resumption of the trend down again. The...
Ethereum is getting ready for a breakout move as the cryptocurrency continues to find solid dip-buying interest around the $180.00 level. A bullish inverted head and shoulders pattern on the lower time frames is signaling a possible rally towards the $250.00 level. Only a sustained move below the $155.00 level would negate the bullish outlook for the ETHUSD...