Ethereum Price Technical Analysis for 11/12/2015 - Support Turned Resistance
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....
Related News
Ethereum Price Key Highlights. Ethereum's price recently broke below a key support area, signaling that a downtrend might be underway. Before the selloff carries on, Ethereum's price is showing signs of a correction to the broken support zone. Using the Fibonacci retracement tool on the latest swing high and low shows that the 38.2% to 50% levels line up with the broken support on Ethereum price. Support Turned Resistance. If the area of interest holds as resistance, the Ethereum price could make its way back down to the previous lows at 0.0017 BTC. The 100 Simple Moving Average also....
Ethereum price popped above a major resistance area of $11.80. Now, can it provide support and push ETH higher versus the USD? Ethereum price kept struggling near the $11.80 resistance area, as highlighted in yesterday’s post. However, the ETH bulls finally managed to take the price above the stated level, and there was an hourly close above it. Now, the price is moving down, and the same resistance area is currently acting as a support and helping the bulls to regain ground. There is an ascending channel pattern formed on the hourly chart (data feed via Kraken) of ETH/USD, which may play....
Ethereum is trading very flat in a dull session as bitcoin remains undecided about the future direction. Currently at 0.00191BTC, Ethereum is in a no trade zone as discussed in the previous technical analysis. Sole Positive – The technical indicators are, however, rebounding from the respective oversold levels. I would like to discuss the resistance and support levels for Ethereum now. To serve this purpose, I will be using the 4-h ETH-XBT pair. Chart Structure – The pair has been registering lower tops and lower bottoms for the past 10 trading sessions. Connecting the two highs in this....
Bitcoin price is hovering above a resistance turned support area visible on the short-term time frames, still deciding whether to make a bounce or a break. Bitcoin Price Key Highlights. Bitcoin price is still treading sideways, moving above a resistance turned support level at $602. Price has formed lower highs on the 15-minute chart, suggesting that bullish pressure is weakening and that bears are trying to push for a move lower. For now, the area of interest is holding quite well since it lines up with the 100 SMA dynamic support. Technical Indicators Signals. The 100 SMA just recently....
Ethereum price dived yesterday towards $9.60 against the US Dollar, but found support, and it looks like ETH/USD may attempt to trade higher. Key Highlights. ETH price corrected lower further against the US Dollar, but found support near $9.60. There is a connecting bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a resistance near $10.05. The price remains supported on the downside, as an earlier resistance is now acting as a barrier for sellers near $9.60. Ethereum Price Resistance. There was a downside extension yesterday in....