Ethereum Price Technical Analysis – Double Top Formation
Ethereum price ETH might have made a short-term top against the US Dollar, and may correct lower in the near term. Key Highlights. ETH after struggling to clear a major resistance area against the US Dollar moved down. There is a chance that the ETH/USD pair is forming a double top pattern on the hourly chart (data feed via SimpleFX). If the current trend remains intact, there is a possibility of a test of the 100 hourly simple moving average. Ethereum Price Correction. Ethereum price ETH tested the $12.65 level a couple of times against the US Dollar during the past few sessions, but....
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Ethereum (ETH) has witnessed a notable resurgence, reclaiming ground after hitting a crucial support level at $1,500. As traders analyze the daily time frame, it becomes evident that this resurgence may signify the formation of a bullish reversal pattern, known as a double bottom. A double bottom is a classic technical analysis pattern that often […]
Today’s Ethereum price chart may suggest the formation of a bearish pattern called the “double top”. 100k ETH also flowed into Binance. Ethereum Price Chart Shows Famous “Double Top” Bearish Formation As explained by a CryptoQuant post, the cryptocurrency formed a bearish pattern on the price chart earlier today, and at about the same time, Binance also noticed a netflow of around 100k ETH. Here is a Ethereum chart that clearly shows the bearish pattern: ETH's price chart showed a bearish formation earlier today | Source: CryptoQuant As the above chart....
Ethereum price is currently struggling against the US dollar, but as long as it is above the $10.80 level it may bounce again. Key Highlights. Ethereum price failed to retain the bullish bias against the US Dollar and faced offers near $11.50. The ETH/USD pair fell down, and currently facing as a major resistance in the form of a bearish trend line on the hourly chart (data feed via Kraken). There is a chance of a double bottom pattern on the hourly chart, which may take the price higher. Ethereum Price Support. Ethereum price ETH climbed higher yesterday and broke the 100 hourly simple....
Dogecoin Price Key Highlights. Dogecoin price surged higher one more time to retest the previous swing high as anticipated in yesterday's analysis. The price failed once again around 90.0 Satoshis, which raises the prospect of a double top pattern. 100 MA still holds the key for more losses in the near term. Buying Dogecoin on dips turned out to be a great plan, as the price traded higher after testing the 100 MA. Double Top Pattern. As mentioned and forecasted yesterday, there was an upside move in Dogecoin price after sellers failed to take the price below the 100 hourly MA. The price....
Dogecoin Price Key Highlights. Dogecoin price as mentioned yesterday formed a double top pattern near the last swing high of 67.0. We need to wait for a break in order for the price to move lower and retest 60.0. The price is attempting to close below the 100 hourly simple moving average, which is a negative sign for buyers. Dogecoin price formed a double top pattern recently, and if sellers gain control more losses are possible moving ahead. Double Top Formation. We highlighted in yesterday's analysis that the Dogecoin price formed a double top pattern on the hourly chart, as there were....