Has Ethereum Bottomed? Streak Of Green Candlesticks Indicate Recovery
Strong technical indicators for the price of ethereum suggest that the bull run might only be beginning. Ethereum Has Bottomed? Ethereum [ETH] has had a recovery over the previous five days from its month-long demand zone in the $1,049 range. As a result of the recent run of green candlesticks, ETH is now under bullish control for the immediate future. At this time, the price of ethereum is $1,563. In response to the bear’s year-long suppression, the bulls are indicating a fierce retaliation. If the bears are unable to halt the bullish trend, ETH price will likely continue increasing....
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Bitcoin price advanced to around $240 today after we spotted a bullish wave which started yesterday. Today's bitcoin price increase is highly considerable given the bearish wave that has been dominating the market throughout the past 2 weeks. By studying the 1 hour Bitfinex (BTC/USD) charts from tradingview.com (look at the below charts), we can notice that today's trading led to a repetitive pattern of candlesticks. 3-5 green bullish candlesticks followed by 2-3 red bearish candlesticks which is a pattern that has been pushing the price upwards earlier today. Each bullish wave is followed....
Bitcoin snapped a two-day losing streak on Thursday, as prices of the cryptocurrency rebounded at a key point of support. The current price uncertainty in markets comes as global inflation continues to hover close to historical highs. Ethereum was also back in the green in today’s session. Bitcoin Following two days of consecutive declines, bitcoin (BTC) rose higher in today’s session, moving away from its recent floor below $19,000. On Wednesday, the world’s largest cryptocurrency fell to an intraday low of $18,971.46, however the token rebounded earlier today. So far....
Ethereum Price Key Highlights. Ethereum price is gaining downside momentum as it proceeds to create new record lows below 0.00211BTC. No reversal candlesticks are in sight just yet, indicating that the selloff could carry on. Ethereum price seems to be aiming for new lows, as more sellers hopped in on the recent break from consolidation. Technical indicators are also suggesting that further losses are likely. Not yet oversold? On the daily chart of ethereum price, stochastic and RSI are still pointing down, which suggests that price can keep heading south. Shorter-term time frames don't....
Ethereum has been closing red week after red week for the past 11 weeks. It is the longest red streak that has been recorded in the history of the cryptocurrency, hence, it carried significant implications for the digital asset. Through the decline, it has been one of the worst-hit coins, performing poorly compared to the other cryptocurrencies at this time. However, the digital asset has now closed its first weekly green candle in three months and things are looking up. Better Days Ahead With this recovery has come a renewed interest in the digital asset. Coupled with the fact that the....
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