Ethereum Price Technical Analysis for 25/11/2015 - Sellers Unite!
Ethereum Price Key Highlights. After spending weeks inside a rising wedge pattern, ethereum price finally picked a direction and might be ready for a sustained move. Price could head further south now that it broke below the rising wedge support. However, the previous breakdown failed to draw enough momentum. Ethereum price could have another chance at going for a longer-term trend, as it made a strong downside break from a consolidation pattern. How Low Can It Go? Ethereum price is currently testing the support at the moving averages, which have previously held as dynamic inflection....
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Bitcoin rises more than 2 percent to $430.21, nearing our year-end target of $440. In the previous price technical analysis A No Trade Market, we mentioned that an increasing MFI often causes price appreciation, and we are witnessing just that. The question now is: Would bitcoin be able to extend the gains or will it retrace its steps? Let us try to predict this with the help of technical analysis conducted on the 240-minute BTC-USD price chart. Bitcoin is well poised to increase its duration inside the $400-440 range, at least for the next couple of sessions. There is a high probability....
Ethereum price fell further, as the Eth sellers were seen in control. Going forward, there are chances of additional downsides in the short term. Key Highlights. ETH price continued to face sellers versus the US Dollar, and may move down further. There are two bearish trend lines formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which are acting as a resistance. It looks like the pair may easily head towards the $11.60 level where the bulls may appear. Ethereum Price Resistance. Ethereum price remained under heavy selling pressure against the US Dollar this past week. I....
Ethereum Price Key Highlights. Ethereum price moved down further and traded below the last week's low to set a new low of 0.00251BTC. There is a bearish trend line formed on the hourly chart, acting as a hurdle for buyers in the short term. There is a risk of more losses, as sellers look in control of the situation. Ethereum price continued to weaken as the price fell to a new low of 0.00251BTC where buyers appeared. Can Sellers Remain in Control? There was a lot bearish pressure noted on the Ethereum price recently, which took the price towards 0.00250BTC. There were a couple of nasty....
Ethereum Price Key Highlights. Upon breaking below the bottom of the rising wedge consolidation pattern recently, ethereum price has its sights set on new lows. Technical indicators suggest that the selloff is gaining traction but that a pullback to the broken support zones might still be possible. Ethereum price is eyeing further downside and might be ready to test the yearly lows as seen on the 4-hour time frame. Bearish Pressure Rising. Bitcoin price has broken to the upside of its consolidation pattern, which may have been partly to blame for the downside break in ETHXBT. The chart....
Ethereum Price Key Highlights. Ethereum price appears to be creating a range on its 1-hour time frame, unable to sustain its momentum after an earlier breakout. Price found resistance at 0.00300 and support at the 0.00285 area. Ethereum price just bounced off the top of its range and may be ready to test the bottom once more. Ethereum price could continue with its sideways movement, as technical indicators aren't offering any signals for directional plays. Short-Term Profit Opportunities. With that, ethereum traders might simply go for short-term gains, buying off support and selling at....