Ethereum Price Technical Analysis for 10/12/2015 - Wait for a Correction!
Ethereum Price Key Highlights. Ethereum's price has been in a steady downtrend against Bitcoin, as the latter has enjoyed tremendous buying pressure in the past few weeks. A descending trend line can be drawn to connect the latest highs of Ethereum price action, and the Fibonacci levels on the latest swing high and low are near this falling resistance area. Ethereum's price might be ready to resume its selloff after pulling up to the Fibonacci retracement levels on the short-term time frames. Confluence Around 0.002 BTC. The 0.002 BTC level looks like a prime resistance area where plenty....
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Ethereum Price Key Highlights. Ethereum price retreated from its recent rally upon hitting a high of 0.00294 but might be ready to resume its climb soon. Price has pulled back to the moving averages, which might hold as dynamic support areas, and could gather more bullish momentum. Ethereum price is taking a break from its uptrend but might be due to head north again, if the near-term inflection points hold as support. Correction Over? Technical indicators seem to be suggesting that the ethereum price correction is already over, as stochastic made it out of the oversold region and is....
DarkNote Price Key Highlights. DarkNote price started a correction phase as anticipated in yesterday's technical analysis. The price is heading towards a major support area at 0.00000078BTC where buyers might appear. Our view of taking profits and to wait for a correction to enter a trade played well. DarkNote price might head further lower from the current levels, but might find support near 0.00000090BTC. Buy Dips? The DarkNote price moved after completing a bullish outside bar candle pattern started a correction phase. We highlighted yesterday that it's better to book profits near....
DarkNote Price Key Highlights. DarkNote price continued to move higher as anticipated in yesterday's technical analysis post. A bullish outside bar candle was formed on the hourly chart, which played well for our target of 0.00000090BTC. It's time to book profits and wait for a correction to look to a possible buy entry. DarkNote price reached 0.00000090BTC as our highlightedbullish outside bar candle pattern played well. Buy Dips? The DarkNote price moved higher and completed our bullish outside bar candle pattern to trade near 0.00000090BTC. The price did not completely test....
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....
Ethereum Price Key Highlights. Ethereum price completed its correction as predicted in the previous article, bouncing off the 0.00260 area and heading back to its recent highs near 0.00290. A few technical indicators are suggesting that the climb could continue so the Fibonacci extension levels might serve as the next targets. Ethereum price is currently testing its previous highs but might be in for more gains past the 0.00300 handle if buying pressure is sustained. More Gains Possible? RSI is on the move up, which indicates that bulls are charging and might be strong enough to push....