Ethereum Price Technical Analysis – ETH/USD Breaks Down
Key Highlights. ETH price failed to gain traction against the US Dollar, and broke a short-term bullish trend. Yesterday’s highlighted connecting bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD failed to hold the downside. The pair is approaching a major support area at $7.85 where buyers may appear. Ethereum price failed to gain momentum against the US Dollar and Bitcoin. It looks like the ETH/USD is positioned for a test of $7.85. Ethereum Price Downside Break. Yesterday, I was hoping for a minor bounce in ETH price versus the US Dollar. However, there was no....
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Ethereum classic price once again failed to retain the bullish momentum against the Bitcoin, and moved down below the 0.00121BTC support area. Key Highlights. Ethereum classic price consolidating for some time against the Bitcoin breaks a short-term support area. Yesterday’s highlighted bullish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) was broken to ignite a downside move. The broken trend line support at 0.00121BTC may now act as a resistance. Ethereum Classic Price Resistance. ETC price again failed to climb higher, as the 0.00127BTC resistance against the....
Litecoin has tumbled roughly 5 percent as Bitcoin went weak and has neared the downward sloping support. In the previous Litecoin price technical analysis titled Breaks Out, Buy Near Support, I mentioned that any pressure on Bitcoin will get reflected in Litecoin as well. It was also stated that the support of $3.820 should prevent immediate losses. As can be seen, the cryptocurrency touched an intraday low of $3.820 before retracing. Technical analysis of the daily LTC-USD price chart and the action in the Bitcoin market compel me to be only cautiously optimistic on Litecoin. Litecoin....
Since the last Litecoin price technical analysis Will This Support Hold?, Litecoin has gained $0.067 or 2.45 percent to trade at $2.800. The better part is that Litecoin is currently in a short-term technical pattern which will lead to a big swing in the price. Read on below the latest technical considerations of the daily LTC-USD price chart. Litecoin Chart Structure - Upon a closer look at the price action of the past 6-7 sessions, it can be found that Litecoin has been trading in a small triangle. A triangle, which is a continuation pattern, in a downtrend implies that a bigger downmove....
Ethereum price has broken its last year $22 record. What is the reason for such a powerful surge? ETH/USD. What caused the price surge. There are several reasons for the price rally. They arise from the technical analysis and news. One of the major volatility factors is the conference that took place in Sydney, on March 7-9. The event was devoted to the current problems and future opportunities in the crypto industry. As for the technical part of the price rally, Ethereum price has stopped at a key resistance of the $20 point. At that mark, there are key lines ending the entire trend from....
Ethereum has plummeted more than 5% in the past 24 hours to touch a low of 0.00187BTC. Currently sustaining at 0.00192BTC, Ethereum does not provide a low-risk trading opportunity to the market participants. But yes, those who would have followed our short advice in the previous Ethereum price technical analysis A Decisive Breakdown would have profited. At the current level, I am compelled to put forth points which solidify my opinion that the ETH-XBT pair is in a “no-trade” zone. I will be drawing these points from the 4-h ETH-XBT price chart taken from KRAKEN exchange. Chart Structure –....