Ethereum Price Technical Analysis - Line in the Sand at 61.8% Fib
Ethereum Price Key Highlights. Ethereum price has gained solid momentum after its upside trend line breakout on the short-term time frame. Applying the Fibonacci retracement tool on the swing high and low on the 4-hour chart suggests that the strong rally isn't simply a correction but the start of a longer-term uptrend. Ethereum price appears to have found resistance at the 61.8% Fibonacci retracement level but could still be prone to an upside breakout and further gains. Testing Area of Interest. The 61.8% Fibonacci retracement level lines up with an area of interest, as price action has....
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Ethereum Price Key Highlights. Ethereum's price is still in the middle of its corrective wave, pulling up from its latest dive from 0.0024 to 0.0018 BTC. Applying the Fibonacci retracement tool on the latest swing high and low shows confluence in some of the levels, which might be strong enough to hold as resistance. Ethereum's price could resume its selloff once the Fibonacci levels are able to hold as resistance and keep further gains in check. Line in the Sand. At the moment, Ethereum's price appears to be moving past the 38.2% Fibonacci retracement level at 0.00205 BTC, making its way....
Bitcoin price is still hovering close to the long-term rising trend line but could be trying to resume its rally. Bitcoin Price Key Highlights. Bitcoin price has been trending higher on its longer-term time frames, moving above a rising trend line visible on the daily chart. Price recently tested the trend line support and made a bounce, which suggests that bulls are intent on keeping the uptrend intact. The rally is still finding legs but there are technical arguments for a continuation of the climb. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA on this time....
Ethereum Price Key Highlights. After forming a head and shoulders pattern indicated in yesterday's technical analysis article, ethereum price broke below the neckline and confirmed the potential selloff. Price also broke below the rising trend line support, adding to the downtrend signals on the 1-hour time frame. Ethereum price could have its sights set on the next visible floor around 0.0200, although a pullback to the broken neckline and trend line support might be seen. Resistance at 61.8% Fib? The 61.8% Fibonacci retracement level is closest to the broken rising trend line and is also....
Ethereum price tumbled recently, and traded towards $8.00. It was a perfect sell, and it looks like the bulls may be exhausted. Ethereum price ETH was down and out, as there was a sharp downside move towards the $8.00 support area. I mentioned in my previous analysis that there is a chance of a decline in ETH/USD due to the technical indicators. It was a perfect sell, and the final target of $8.0 was achieved. There was a bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD, which acted as a perfect catalyst for a decline. The price traded below $8.0, and a new low of....
SAND trades below 50 and 200 EMA on the daily timeframe. Price continues to range with little or no volume despite having strong fundamentals. A break above $1 could trigger a relief rally for SAND price. Sandbox (SAND) price has had a rough time recently as price ranges in a daily timeframe channel against tether (USDT). Despite having good fundamentals with so much backing from top investors and partnerships, the price of Sandbox (SAND) has struggled to replicate its run to a high of $8. (Data from Binance) Related Reading: Dogecoin (DOGE) Is On Top Of Whales’ Menu – Here’s Why Sandbox....