Ethereum Price Technical Analysis – Book Profits, Risk of More Losses
Ethereum price is still bearish, and every correction may be a chance to sell ETH/USD. Can sellers push the price towards $7.00? Ethereum price ETH failed once again as forecasted and moved down. Yesterday, I highlighted that ETH/USD may move down once again and retest the $7.36 levels. The price did move down and I hope you all booked profits. There was a new low of $7.13 created for ether price, and there are chances of more declines in the near term. There seems to be no relief for ETH buyers, as there was a continuous bearish pressure noted in the price. Yesterday’s highlighted bearish....
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Darknote Price Key Highlights. DarkNote price continued to lose ground and traded lower to break the low of 0.000000747BTC. The price even cleared the all-important 0.00000070BTC, which ignited a downside move. All our sell targets hit, and it is now wise to book profits and step aside for a correction. DarkNote price tumbled and broke an important support area to set the pace for losses in the near term. Correction Ahead? The DarkNote price dived sharply and continued to trade lower. There was a monster downside reaction, which caused a break below the last pointed low of 0.000000747BTC.....
Ethereum has plummeted more than 5% in the past 24 hours to touch a low of 0.00187BTC. Currently sustaining at 0.00192BTC, Ethereum does not provide a low-risk trading opportunity to the market participants. But yes, those who would have followed our short advice in the previous Ethereum price technical analysis A Decisive Breakdown would have profited. At the current level, I am compelled to put forth points which solidify my opinion that the ETH-XBT pair is in a “no-trade” zone. I will be drawing these points from the 4-h ETH-XBT price chart taken from KRAKEN exchange. Chart Structure –....
Ethereum price delinked below $8.50 against the US Dollar, and ETH/USD currently looks poised for further losses in the near term. Key Highlights. ETH price continued to move down against the US Dollar and Bitcoin, as buyers failed to show up. Yesterday’s highlighted bearish trend lines on the hourly chart (data feed via SimpleFX) of ETH/USD are still in play and acting as a resistance. There is a risk of a breakdown in ETH as long as the price is below $9.00. Ethereum Price Decline. There was no stopping the ETH sellers, as the price continued to move down. Many buyers are now annoyed,....