Ethereum Price Intraday Analysis for 18/11/2015- Channel Resistance Held as Expected, Support Next
Ethereum Price Key Highlights. Ethereum price has been trending higher on its 1-hour time frame, cruising inside an ascending channel connecting the latest highs and lows of price action since last week. Price made its way to the top of the channel and resistance at the 0.00300 mark held as expected, putting it on track toward the support around 0.00270. Ethereum price could be due for a bounce off the channel support since this is in line with the ongoing uptrend. Bullish Divergence Seen. Technical indicators are also hinting at a return in buying pressure, as stochastic is already moving....
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Earlier today we published a technical analysis piece detailing the upward sloping channel through which the bitcoin price was travelling. We highlighted the fact that - from resistance around 248 - we may see a temporary correction, and that this correction would likely halt at the support offered up by the aforementioned channel. Today's action has validated this analysis, and - with the correction over - we've now returned to the upside bias on the intraday level. So what are the levels to keep an eye on to the upside as we head into the US afternoon session and beyond? Take another....
Earlier this morning we highlighted the fact that - while the bitcoin price had declined during Thursday morning, we had hit support around the 235 flat level and we could well be set for some bullish momentum throughout the day. Con currently, we also highlighted the fact that - if we get a break of support, we may see further decline. Luckily for bitcoin enthusiasts, the former happened. Support held, and we have since corrected off the upward sloping channel to trade just shy of key resistance at 237.48. What are the levels to keep an eye on as we head into the US afternoon session?....
Bitcoin price bounced off the channel support as expected and might have its sights set on the top. Technical indicators are still reflecting indecision, as traders are holding out for this week's set of top-tier catalysts. The 100 SMA just crossed above the 200 SMA, confirming that the uptrend is likely to carry on. In addition, these moving averages held as near-term support levels since they line up with the channel support around $430. That long-wicked candle suggests that buyers are refusing to let bitcoin price drop too much, as long orders were probably located right around the....
A little earlier today we covered the decline in bitcoin price throughout yesterday afternoon's session, and the relatively flat action we saw as we approached the European open for Monday. Action has now matured, and a look at the bitcoin price on an intraday level offers up a bullish short-term bias, and the potential for further gains as we head into the US afternoon. So, with this in mind, what are the levels to keep an eye on? Let's take a look. Today's action has seen BTCUSD trade relatively erratically, though we remained within a downward sloping widening channel until about 2 PM....
Ethereum Price Key Highlights. Ethereum price is slowly trending higher on its 1-hour chart, after having completed a pullback bounce and resuming its trend. Price is moving inside a short-term rising channel and is currently testing the resistance near the 0.00300 major psychological mark. Ethereum price could be due for a selloff back to the channel support before the ongoing climb resumes. Buyers Need a Break. Technical indicators seem to be suggesting that the recent rally is overdone, with stochastic already turning down from the overbought zone and indicating a return in bearish....