Bitcoin Price Technical Analysis for 01/04/2017 – Shallow Pullback, Breaking Higher?
Bitcoin price has its sights set much higher and is making another push past the ascending channel resistance for a sharper climb. Bitcoin Price Key Highlights. Bitcoin price is still trading inside the ascending channel illustrated in an earlier article, signaling that bullish momentum is in play. Traders have been waiting for a decent pullback to reestablish long positions but it seems that the correction was pretty shallow. Price found support at $1050 before making another attempt to break past the channel resistance. Technical Indicators Signals. The 100 SMA is still on the 200 SMA on....
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Bitcoin price might be in for a quick pullback to the broken triangle support before carrying on with its drop. Bitcoin price has formed a small double bottom pattern, indicating that a quick rally could take place. This could stall around the broken triangle support near the $430 level and the 61.8% Fibonacci retracement level. A shallow pullback could last until the 50% level or the $428 mark, which is also near the dynamic resistance at the moving averages. For now, the 100 SMA is above the 200 SMA but a downward crossover could confirm that the selloff is about to resume. An even....
Ethereum Price Key Highlights. After forming a head and shoulders pattern indicated in yesterday's technical analysis article, ethereum price broke below the neckline and confirmed the potential selloff. Price also broke below the rising trend line support, adding to the downtrend signals on the 1-hour time frame. Ethereum price could have its sights set on the next visible floor around 0.0200, although a pullback to the broken neckline and trend line support might be seen. Resistance at 61.8% Fib? The 61.8% Fibonacci retracement level is closest to the broken rising trend line and is also....
Bitcoin price is in the middle of a pullback from its longer-term climb but might be ready to resume the uptrend if support holds. Bitcoin Price Key Highlights. Bitcoin price has been selling off in the past couple of days after breaking below a short-term rising trend line. The longer-term uptrend is still intact and bitcoin price is on its way to test a major support area. Technical indicators are suggesting that the uptrend could resume after this correction. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA so the path of least resistance is still to the....
Bitcoin Price Key Highlights. Bitcoin price achieved yet another new high, surging past the $350 minor psychological barrier onto a peak of $378 so far. This strong rally could inspire profit-taking activity towards the end of the week, as traders reduce risk ahead of top-tier U. S. data releases. Bitcoin price has been on a very strong uptrend but a large correction might be possible, offering the opportunity to catch the rally at a better price. Support at Trend Line and Fibs. In the event of a large pullback, bitcoin price could still draw support around the Fibonacci retracement levels....
Rubycoin Price Technical Analysis. Rubycoin price is in the middle of a correction but it looks like the pullback is already over, as the 50% Fibonacci retracement level is holding as strong resistance. This retracement level lines up with a former support level, making it an area of interest and likely resistance. Rubycoin price has made a sharp selloff recently and might be done with its retracement from the move, allowing sellers to regain control. Spinning top at resistance? A spinning top reversal candlestick has formed on the latest pullback, hinting that price could turn a corner. A....