Ethereum Could be Headed for a Selloff

Ethereum Could be Headed for a Selloff

Those of you who read yesterday’s column will recall that the daily chart was looking rather bearish in the short term. Indeed, I ended the article by speculating that I was considering taking a short position in the asset as a result of the chart. So, even though the market has been rather quiet today, let’s look at the ethereum charts again. Let’s start with the daily chart, with a look at the most reasonable bear setup from the high: The first thing you should notice is that the price fell sharply as soon as it exited the first arc pair. This is bearish to say the least. If the chart....


Related News

Fractal Suggests Ethereum May Face Further Chop Before Seeing Parabolic Rally

Ethereum has posted some mixed price action throughout the past few days, testing its all-time highs earlier this week before facing a swift selloff overnight The timing of the BTC selloff that placed pressure on ETH was unfortunate, as it has led ETH to mark its highs as a local top This means that the […]

Ethereum Maintains Bullish Market Structure Despite Selloff; Rebound Imminent?

Ethereum has seen an intense selloff ever since its price reached highs of $1,450 just a few days ago The selling pressure here was rather intense and came about right as BTC started reversing its uptrend This caused the aggregated market to see some intense selling pressure that has yet to alleviate The crypto is […]

Here’s Why Bitcoin Won’t Ever See Another March-Style Selloff Event

Bitcoin has come a long way from where it was just under one year ago, with the March 12th selloff sending the cryptocurrency to lows of $3,800 – from which point it has seen exponential upside growth. One analyst is now noting that BTC’s days seeing sharp selloff events like this one are over, with its […]

Ethereum Price Technical Analysis for 21/12/2015 - Watch Out, Bears!

Ethereum Price Key Highlights. Ethereum price had been on a downtrend but is now forming a reversal pattern, signaling that an uptrend might be in the cards. Price still has to test the neckline at the 0.00230 level and make an upside break before confirming the potential rally. Ethereum price seems to be exhausted from its recent selloff, creating a double bottom after failing to break below the 0.00180 area. Bitcoin Price Weakness. Ethereum price took advantage of the bitcoin selloff that took place during the FOMC statement, as the Fed's decision to hike interest rates spurred demand....

Bitcoin Price Watch; Gearing up for a big move…

Here's what we are looking to trade in the bitcoin price this evening and beyond, into the Asian session tonight. In this morning’s bitcoin price watch article, we discussed the potential for some volatility throughout today’s session. Bitcoin had a pretty up and down week last week, and while the action was conducive to our intraday strategy, it made for uncertainty as we headed in to a fresh session this week. Would the up and down action continue? Were we gearing up for some strength, or are we headed into a selloff? Well, the week is now officially underway, and it looks as though we....