Ethereum Will Test Resistance Again Soon
Ethereum. A few days back I opined in this space that ethereum might be poised to rally as it was challenging resistance which I thought might break. It turned out that the resistance in question, the 1×1 angle, held. The red arrow shows where the market was at the time I wrote that piece. As you can see, the 1×1 was tested in 4 out of 5 successive 2-day candles, and was turned back each time. While a bit surprising that the angle survived so many assaults, it proves the adage that one should “never say never”, in this business. As of this writing, price is sitting on the 1st arc support,....
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Ethereum price finally broke $20.0, which is a sign that the ETH bulls are in control. Can it continue to trade higher or should we trade safe? Key Highlights. Ethereum price finally tested and broke my much anticipated target of $20.0 against the US Dollar. During my last couple of analysis, I highlighted that the price may test or even break the $20.0 resistance level in the short term. There was a resistance trend line on the hourly chart (data feed via Kraken) of ETH/USD, which was cleared recently to open the doors for more upsides. Ethereum Price Support. Ethereum price ETH continued....
Ethereum extended its upward move above the $2,750 resistance zone against the US Dollar. ETH price is showing positive signs and it could rise towards $3,000 or even higher. Ethereum extended its recovery wave above the $2,650 and $2,750 levels. The price is now trading above the $2,700 support and the 100 hourly simple moving […]
Ethereum started a strong increase above the $1,650 and $1,700 resistance levels against the US Dollar. ETH price is likely to continue higher towards $1,800 in the near term. Ethereum started a fresh increase above the $1,650 and $1,700 resistance levels. The price is now trading well above $1,700 and the 100 hourly simple moving […]
Bitcoin price just came off a test of the triangle support and might be due for another move towards resistance. The 100 SMA is above the 200 SMA, signaling that the path of least resistance is to the upside. Stochastic is on the move up, which also confirms that buyers are in control of price action for now, likely pushing for a test of the triangle top around $420-430. RSI is also heading north so price might follow suit. Stronger bullish pressure might even lead to an upside break of the triangle resistance and a prolonged uptrend for bitcoin price. In that case, price could resume its....