Ethereum Price Technical Analysis for 13/11/2015 - Quick Game for Bears
Ethereum Price Key Highlights. Ethereum price is starting a new short-term downtrend on its 1-hour time frame, with a descending channel connecting the latest highs and lows. Price is currently testing the channel resistance at 0.00260 and may be ready for a move back to the bottom at 0.00220. Ethereum price appears ready for a quick drop, as technical indicators on the 1-hour time frame suggest that bears are in for a quick play. Bearish Signals Seen. Stochastic hasn't quite reached the overbought zone yet but the oscillator is already turning lower, indicating a return in bearish....
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