Ethereum Price Technical Analysis - Trend Line Proved Worth
Key Highlights. Ethereum price found resistance around the bearish trend line as highlighted in yesterday's post. There was a downside reaction, which took the price further lower to create a new low of 0.00242BTC. More losses are possible moving ahead, as there is a lot of bearish pressure at the moment. Ethereum price remains at risk of a break lower, as it moved below 0.00250BTC and looks poised for more losses. New Low? The Ethereum price made an attempt to correct higher, but it found sellers on the upside. An immediate resistance around the 23.6% Fib retracement level of the last....
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Ethereum price after tumbling started to correct higher against the US Dollar, but I think the correction phase won’t last long. Key Highlights. Ethereum price continued to struggle against the US Dollar and moved down further during the past few sessions. This past week’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD proved worth and pushed the price down. The price traded close to the $11.20 support area where it found support and managed to correct higher. Ethereum Price Downside Move. Ethereum price ETH continued to face offers against the US....
Key Highlights. Dogecoin climbed one more time, but failed to create a new high above 92.6 Satoshis. The price is struggling to settle above 90.0 Satoshis, which is a worrying sign. Our previous week's bullish trend line proved worth, and protected downsides recently. Buyers continued to buy Dogecoin whenever the price moved lower as sellers struggled lately to protect gains. Importance of 90.0 Satoshis. In the weekly analysis, we highlighted that the price created a new high and traded as high as 92.6 Satoshis. After a short-term correction, the price once again found support around an....
Ethereum price weakened during the past couple of sessions against the US Dollar, and looks under pressure in the near term. Key Highlights. Ethereum price dived sharply intraday against the US dollar and moved below the $12.00 area. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD acted as a perfect barrier and pushed the price down. The price failed to break the highlighted resistance area, and moved down by more than $2. Ethereum Price Downside. Ethereum price ETH continued to find offers near a major resistance area as highlighted in....
Dash Price Key Highlights. Dash price failed to move lower, and found support around a critical trend line as highlighted in yesterday's analysis. The Double top pattern is still valid, as the price is below the resistance area. If there is a break above 0.0130BTC, then more gains are possible in the near term. Dash price acquiring bids around the bullish trend line is a positive sign for buyers looking ahead. Trend Line Proved Worth. Yesterday, we highlighted that there is a possibility of a double top pattern forming on the hourly chart which could result in a move lower. There was a....
Ethereum price once again started to move higher, as the trend line support acted as a barrier for the ETH sellers and prevented the downside move. Key Highlights. Ethereum price after moving down against the US Dollar found support and traded higher. Yesterday’s highlighted bullish trend line on the hourly chart (data feed via Kraken) of ETH/USD acted as a perfect support area. The price also got bids near the 100 hourly simple moving average and currently trading above the $13.50 level. Ethereum Price Buy. Ethereum price ETH after correcting lower against the US Dollar found buyers one....