Ethereum Price Technical Analysis - Downside Breakout Taking Place!
Ethereum Price Key highlights: Ethereum price is starting to make a downside break from the previous triangle consolidation pattern highlighted. This suggests that selling momentum is starting to pick up once more, potentially yielding further declines. Ethereum price has moved below the previous intraday support at 0.00250BTC, setting the stage for a potential drop to the next support at 0.00230BTC. New record lows? Increased selling momentum could take the price down to its record lows at around 0.00210BTC in mid-August this year or even lead to the creation of new lows. The 100 SMA is....
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Bitcoin Price Key Highlights. After spending weeks sitting pretty inside a tight consolidation pattern, bitcoin price is finally getting back on its feet and showing some momentum. A downside breakout from the ascending triangle pattern and short-term pennant formation appears to be taking place. Bitcoin price could be in for more downside now that a long red candle has closed below the ascending triangle support at $330. How Low Can It Go? Bitcoin price could have its sights set on the bottom of the triangle pattern near the $300 major psychological level as its target for the selloff.....
Bitcoin price could be due for a strong break out of its consolidation pattern, but traders still seem to be undecided which way to push. Bitcoin Price Technical Analysis. Bitcoin price is still stuck in its consolidation pattern visible on the 4-hour time frame. Price is already at the peak of the symmetrical triangle formation, which means that a breakout could take place anytime now. Technical indicators and market sentiment appear to be hinting at a downside break. Technical Indicators Signals. The 100 SMA is below the 200 SMA so the path of least resistance is to the downside. A....
Bitcoin price is still stuck in consolidation but might be ready to make a strong breakout in either direction sooner or later. Bitcoin Price Key Highlights. Bitcoin price formed higher lows and lower highs, creating a symmetrical triangle pattern on its 4-hour time frame. Price is still stuck inside that triangle pattern for now but a breakout might be due since it is approaching its peak. A breakout in either direction could set the longer-term trend for bitcoin. Technical Indicators Signals. The 100 SMA is currently below the 200 SMA, signaling that the path of least resistance is to....
Bitcoin price looks ready to break out of its symmetrical triangle consolidation pattern, which could determine its longer-term direction. Bitcoin Price Key Highlights. Bitcoin price has been stuck in consolidation for a while, forming lower highs and higher lows inside a symmetrical triangle pattern. Price is currently testing support and is approaching the peak of the pattern, which suggests that a breakout could take place soon. Technical indicators seem to be favoring a downside move at this point. Technical Indicators Signals. The 100 SMA is still below the 200 SMA so the path of....
Bitcoin price is still staying inside the consolidation pattern for now but could be ready to break out as it approaches the peak of the formation. Bitcoin Price Key Highlights. Bitcoin price is still stuck in consolidation, moving inside a symmetrical triangle formation as illustrated in an earlier article. Price just bounced off the triangle support after a number of tests and is now making its way to the top. Technical indicators seem to be suggesting that a downside breakout is due. Technical Indicators Signals. The 100 SMA is below the longer-term 200 SMA, which means that the path of....