Ethereum Price Technical Analysis – ETH Bouncing From Support
Ethereum price after a minor correction against the US Dollar found support near a trend line and currently trading back higher. Key Highlights. ETH price moved down a few points versus the US Dollar, but found bids near a major support. This week’s highlighted bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD continued to act as a barrier for the sellers. The price is currently bouncing from the trend line support and looks set for more gains. Ethereum Price Upside Move. Ethereum price remained lower yesterday against the US Dollar until it found support near a....
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Bitcoin price is settling inside a range but technical indicators seem to be hinting at an upside breakout. Bitcoin Price Key Highlights. Bitcoin price has been moving sideways on the slowdown in volatility, stuck in a range between support at $575 and resistance at $590. Price appears to be bouncing off the top of the range once more, gearing up for another test of support. However, technical indicators are suggesting that a breakout could take place. Technical Indicators Signals. The 100 SMA is still above the longer-term 200 SMA on this time frame, signaling that the path of least....
Ethereum Price Key Highlights. Ethereum price is still in its short-term uptrend, bouncing off the area of interest highlighted in the previous post. This area of interest lines up with the 200 SMA and a rising trend line visible on the 1-hour time frame. Ethereum price could be on track to testing its previous highs at 0.0030 and possibly make new ones if bullish momentum is sustained. Bullish Divergence Forming. Technical indicators are supporting a potential ethereum price rally, as stochastic is already indicating oversold conditions. The oscillator has yet to climb out of the area....
Bitcoin price could be ready for another bounce off the channel support as the bullish trend goes on. Bitcoin Price Key Highlights. Bitcoin price is still inside that ascending channel on its 1-hour time frame, bouncing off support as suggested in the earlier article. Price just got rejected on its test of the channel resistance once more, putting it back on track towards testing support. Technical indicators are suggesting that a pullback could take place but that the bullish trend could continue. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA so the path of....
Ethereum classic price after trading a few points higher traded down. It looks like ETC may continue to head lower moving ahead. Key Highlights. Ethereum classic price after bouncing a couple of times against the US Dollar traded down. Yesterday’s highlighted bullish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) was broken to open the doors for more losses. If the recent break is true, then there is a chance of more losses in the short term. Ethereum Classic Price Support. Ethereum classic price ETC dipped once yesterday, tested a trend line support and traded higher.....