Ethereum Price Technical Analysis – Sell Target Achieved, Now What?
Ethereum price after struggling to close above the $6.0 area, failed. It looks like forming a downtrend pattern and may continue to move down. Intraday Support Level can be $3.50. Intraday Resistance Level may be $4.15-20. Ethereum price failed to move back higher, and once the price broke $4.0 level, sellers gained control and took the price towards the $3.50 levels. The broken trend line and support area on the 2-hours chart (data feed via Kraken) played well and acted as a sell zone. The price moved down after testing the broken support area to test out sell target of $3.50. Now, there....
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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 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....
Litecoin price struggled to move higher Intraday. There was a downside reaction, taking the price towards our sell target of $3.0. Intraday Support Level (HitBTC) can be $3.05. Intraday Resistance Level (HitBTC) may be $3.16. Litecoin price moved a few points higher yesterday to trade near a bearish trend line formed on the 30-min chart (data feed via Bitfinex). I highlighted that we can plan on entering a sell trade near the highlighted trend line and resistance. It played well and if you entered a position, then it’s time to take profits, as our target of $3.0 was achieved. The price did....
DarkNote Price Key Highlights. DarkNote price continued to trade lower and broke the last low of 0.000000792BTC. The price tested 0.00000075BTC, which was our final target of the sell trade, as highlighted in yesterday's post. A pullback is possible as sellers look exhausted and 0.00000075BTC represents a major support area. DarkNote price continued to decline, traded close to the final sell target and might correct higher moving ahead. Recovery likely? The DarkNote price traded further lower intraday, and moved towards our final sell target of 0.00000075BTC. The price even moved below the....
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.