Ethereum Price Technical Analysis – Sell Targets Achieved, Now What?

Ethereum Price Technical Analysis – Sell Targets Achieved, Now What?

Ethereum price spiked down to complete a downside thrust against the US Dollar. Can it recover or will it continue to trade down? Key Highlights. Ethereum price collapsed against the US Dollar and even created a new low below $11.00 (as per Kraken data feed). Yesterday’s bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD acted as a perfect resistance and pushed the price down. The price after trading below $11.00 recovered well and currently above the $11.20 support area. Ethereum Price Resistance. Ethereum price continued to move down versus the US Dollar, as the....


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Ethereum Price Technical Analysis – Final Sell Target Hit, Sellers Beware

Ethereum price tumbled recently, and traded towards $8.00. It was a perfect sell, and it looks like the bulls may be exhausted. Ethereum price ETH was down and out, as there was a sharp downside move towards the $8.00 support area. I mentioned in my previous analysis that there is a chance of a decline in ETH/USD due to the technical indicators. It was a perfect sell, and the final target of $8.0 was achieved. There was a bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD, which acted as a perfect catalyst for a decline. The price traded below $8.0, and a new low of....

Ethereum Classic Price Technical Analysis – Sell Targets Achieved

Ethereum classic price declined further versus Bitcoin and traded as low as 0.00208BTC where somehow buyers managed to protect losses. Key Highlights. Ethereum classic price moved down against Bitcoin and my idea of selling worked well. There is now a bearish trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx), which is currently acting as a resistance. There are chances of more declines in ETC as long as it is below the trend line. Ethereum Classic Price Decline. Ethereum classic price failed to gain momentum this past week against Bitcoin and declined. I was looking....

Ethereum Classic Price Technical Analysis – Final Target Hit

Ethereum classic price dived down versus Bitcoin and tested the final sell target of 0.0020BTC as forecasted in yesterday’s post. Key Highlights. Ethereum classic price continued to move down against Bitcoin and tested the 0.0020BTC level as forecasted. Yesterday’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) acted as a resistance and pushed the price down. The final sell target in ETC/BTC was achieved, and I think it’s time to stay away for the next move. Ethereum Classic Price Losses. Ethereum classic price weakened further during the past 24....

Ethereum Price Technical Analysis 04/08/2016 – Perfect Sell; Downside Move

Ethereum price traded further down and broke yesterday’s low. Can losses extend or ETH/USD could manage to correct higher in the short term? Ethereum price ETH was under a lot of bearish pressure intraday against the US Dollar, and my suggested idea of selling near the 100 hourly simple moving average worked well. The target of $10.40 was achieved, and the price event broke the swing low of $10.00 to form a new low of $9.89. The price is currently consolidating in a tiny range and facing sellers near the 23.6% Fib retracement level of the last drop from the $11.65 high to $9.89 low. There....

Bitcoin Price Technical Analysis for 25/12/2015 - A Quiet Christmas for Bitcoin?

The Christmas isn’t turning out to be merry for Bitcoin. The cryptocurrency is struggling near the overhead resistance of $465. It is now trading 1.28% lower at $450.89, raising concerns that the market participants might pull out their funds in the holiday season. As a result, several technical indicators are also showing declines. We advised in the previous Bitcoin price technical analysis Target Achieved that traders should book at least partial profits in their long positions. And for today’s analysis, we will again be using the 4-h BTC-USD price chart from BITSTAMP.