Ethereum Price Technical Analysis - Not Another Triangle?!
Ethereum Price Key Highlights. Ethereum price is still struggling to pick up its pace in the downtrend, as another consolidation pattern formed on the short-term time frame. Price is stuck inside a descending triangle pattern, with sellers trying to gain enough energy to push for a downside break of support around 0.00160BTC. Ethereum price is able to carry on with its ongoing selloff, although sellers appear to be having difficulty taking it down to new lows. Potential triangle breakout. For now, ethereum price is testing the triangle support but several spikes have formed, which suggests....
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Ethereum price seems to have its sights set higher after breaking out of a descending triangle on its 4-hour chart. Technical indicators are also supporting further gains. Ethereum price had previously consolidated inside a descending triangle pattern, forming lower highs and finding support at 0.00250. At the moment, ethereum price is testing the near-term resistance at the 0.00300 level, waiting for more bulls for another leg higher. An upside break past this level could take it up to the next area of interest at 0.00330-0.00350 then onwards to the larger triangle highs at 0.00400.
Bitcoin price broke below its triangle support to indicate that the selloff isn’t over yet. Bitcoin Price Key Highlights. Bitcoin price was trading inside an ascending triangle pattern as illustrated in a previous article. Price broke below support, indicating a pickup in bearish momentum and a likely drop to the triangle lows around $580. Technical indicators are also suggesting that further declines are possible. Technical Indicators Signals. The 100 SMA is below the 200 SMA so the path of least resistance is still to the downside. In addition, these moving averages held as dynamic....
Bitcoin price is still moving inside a triangle consolidation pattern but seems to be having trouble pushing for another upside breakout. Bitcoin Price Key Highlights. Bitcoin price is still stuck in consolidation, moving inside a symmetrical triangle visible on its 1-hour chart. Zooming further back shows that price previously formed a triangle formation then broke to the upside. However, technical indicators are hinting that bitcoin price is having a tough time repeating this bullish performance this time. Technical Indicators Signals. The 100 SMA is below the 200 SMA for now so the path....
Bitcoin price is hovering around the top of its descending triangle and the top-tier market catalysts could determine if it will hold as resistance. Bitcoin Price Key Highlights. Bitcoin price has been forming lower highs and finding support near $560, creating a descending triangle formation visible on its 4-hour chart. Price is back to the triangle resistance once more, still deciding whether to make a bounce or a break. Technical indicators are giving mixed signals so far, which means that direction could hinge on market catalysts. Technical Indicators Signals. The 100 SMA is below the....
Bitcoin price is still inside its long-term triangle consolidation pattern and might make another test of the resistance. Bitcoin Price Key Highlights. Bitcoin price has formed higher lows and found resistance at the $470 level, creating an ascending triangle pattern on its daily chart. Price just bounced off the triangle support and is due for a test of resistance once more. Technical indicators are signaling that further gains are possible. Technical Indicators Signals. The 100 SMA is above the 200 SMA so the path of least resistance is still to the upside. A sharp move lower could find....