Ethereum Price Technical Analysis – ETH Buyers Be Careful
Ethereum price looks like setting up for a minor downside move. A break and close below the 100 hourly SMA may ignite a reaction. Ethereum Price – Move towards $9.00 possible? Ethereum price ETH corrected in two waves recently after making a minor top near $10.44. It moved down on a couple of occasions, but the 100 hourly simple moving average managed to prevent a downside move. However, the current price action suggests that there is a chance of ETH breaking the 100 hourly SMA in the short term. There was a bullish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD,....
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Ethereum Price Key Highlights. Ethereum price is slowly trending higher on its 1-hour chart, after having completed a pullback bounce and resuming its trend. Price is moving inside a short-term rising channel and is currently testing the resistance near the 0.00300 major psychological mark. Ethereum price could be due for a selloff back to the channel support before the ongoing climb resumes. Buyers Need a Break. Technical indicators seem to be suggesting that the recent rally is overdone, with stochastic already turning down from the overbought zone and indicating a return in bearish....
Key Highlights. Dash price managed to clear an important bearish trend line as highlighted in yesterday's analysis. The price remains below a major barrier of 0.0116BTC, which might ignite a move lower. More losses are favored as long as sellers defend the mentioned barrier. Recent break in the Dash price is a positive sign, but buyers need to be careful as the job is only half done. 0.0116BTC as a Hurdle. There was a break noted for the Dash price, as a bearish trend line as highlighted in yesterday's analysis was pierced by buyers. The price climbed higher after the break, but the upside....
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....
Potcoin Price Key Highlights. Potcoin price continued to trade inside a flag pattern as highlighted in one of the recent technical analysis. Both buyers and sellers seem to be struggling to take the price in one particular direction, which created a range inside the flag pattern. A few technical indicators are pointing towards more losses and a break below the flag pattern. Potcoin price is trading inside a range and it looks like heading towards a break, waiting for a catalyst. Break Down? As mentioned in the previous analysis, there was a sharp decline noted in the Potcoin price which....
Ethereum Price Key Highlights. After forming a head and shoulders pattern indicated in yesterday's technical analysis article, ethereum price broke below the neckline and confirmed the potential selloff. Price also broke below the rising trend line support, adding to the downtrend signals on the 1-hour time frame. Ethereum price could have its sights set on the next visible floor around 0.0200, although a pullback to the broken neckline and trend line support might be seen. Resistance at 61.8% Fib? The 61.8% Fibonacci retracement level is closest to the broken rising trend line and is also....