The ETHUSD, LTCSUD, and DASHUSD markets are all undergoing mild upward trends. The coming week could bring radical changes.
Ethereum’s price is fortifying at the medium-term level of $9-10. A rebound off $10.21 could become the peak of a correction within the downward trend, unless the price manages to form a turn to growth.
The fortification indicates that the odds are lying with an upward trend, but for a more certain signal, Ethereum’s price has to form a turnaround wave by fortifying at the level of $10 and breaking through the peak of the trend again. Until....
The altcoin markets were dominated by upward trends this week. Will that growth continue into the new week?
Ethereum’s price has formed a weekly flat. That was expected because the price has reached a long-term resistance line where a change of cycles usually happens.
For either an upward or a downward medium-term trend to begin Ethereum’s price has to form a structure which will clearly indicate which side holds the advantage. If it fortifies at $9.5 and forms a turn to growth it will display that the bulls are a majority. In that case, a medium-term upward....
Altcoin prices have failed to display a certain growth this week. Will this mean an end to the upward trends and the beginning of downward ones? Which are the key points for a turn to decline?
Ethereum’s price has not formed a turn to growth. The bulls have failed to win the advantage while the price was at a key level.
It’s either that, or there was just not enough demand among the buyers.
Worth noting is the level of $11.5. It’s the most likely point for a turn to decline with the closest target of $10.3.
Litecoin’s price has....
The current upward dynamics on Ethereum and Litecoin markets have the potential to grow into medium-term upward trends. The price of Dash is close to an important long-term level where a long-term upward trend may continue.
Ethereum’s price is in a rebound after a continuous fall. This upward movement is natural, because there was no turn in the long-term scope.
This rebound can grow into a turn to growth if the upward trend’s structure isn’t disrupted. The level of $7.5 is responsible for the continuation of the downward trend, provided that....
The directions of altcoin trends have split. The only common thing that can be observed at the moment is the fact that Ethereum and Litecoin are both at their long-term resistance lines.
The decline that Ethereum’s price has suffered this week was not as strong as could be expected. That can be explained by the change of trends from medium-term level to long-term one.
In order to change its direction to growth, Ethereum’s price will have to break the downward trend by fortifying and forming a turn at the level of $9.3.
Litecoin’s price has....