Ethereum Price Technical Analysis 03/16/2016 – Eyeing $14.20-50
Ethereum price started to move higher. And, if the bulls remain in action there is a chance of a retest of the $14.20-50 resistance area. Intraday Support Level can be $13.00. Intraday Resistance Level may be $14.20. Ethereum price declined in the 3rd wave to trade near the $12.00 support area, which acted as a perfect buy zone and pushed the price back higher. The price is currently under a minor divergence, suggesting more gains. There is a two point resistance trend line forming on the hourly chart (data feed via Kraken), which can be seen as the next stop for the price. The price has....
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