Ethereum Price Technical Analysis – ETH/USD Uptrend Intact
Ethereum price remained in an uptrend this past week against the US Dollar and Bitcoin, and ETH/USD may continue to trade higher. Key Highlights. ETH price maintained its bullish bias against the US Dollar and closed above the $9.60 level. There was a break above a bearish trend line formed on the daily chart (data feed via SimpleFX) of ETH/USD, which earlier opened the gates for more gains. The price is also well above the 100-day simple moving average, which is a positive sign. Ethereum Price Upside Move. There was a slow and steady increase in Ehereum price against the US Dollar, as the....
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Bitcoin price gave up ground to the dollar on Friday but buyers soon returned at a key area of interest. Bitcoin Price Key Highlights. Bitcoin price sold off quickly on Friday but bulls were waiting to charge at the rising trend line. Price could resume its climb from here as technical indicators on the 1-hour time frame suggest that the uptrend could stay intact. A return in bullish pressure could push bitcoin up to the recent highs near $730 or higher. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA on this time frame so the path of least resistance is still to....
Ethereum price moved above $10, which was a major hurdle. Moving ahead, more gains are likely as the uptrend seems to be intact. Intraday Support Level can be $9.80. Intraday Resistance Level may be $10.50. Ethereum price surprised many traders, but our view of buying it played out well. I even mentioned that there is a chance of it testing the $10 handle. The price did trade higher and broke the $10 handle. I was anticipating some selling pressure near the stated level, but that did not happen. The price continued to move higher and traded as high as $10.48. There is now a bullish trend....
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 is still safely inside its ascending channel, with technical indicators confirming that the climb could carry on. Bitcoin Price Key Highlights. Bitcoin price continues to tread higher slowly, moving inside an ascending channel pattern visible on its 1-hour chart. Price just tested the channel resistance on a new wave higher and might be on its way towards testing support. Technical indicators also seem to be warming up to the idea of an uptrend in bitcoin price. Technical Indicators Signals. The 100 SMA is attempting to cross above the longer-term 200 SMA to indicate that the....
Trading with a slightly negative bias, Bitcoin has slipped to $244.28, down 0.94 percent yesterday. Even though the uptrend is intact, Bitcoin has failed to sustain above a key technical level which has led to severe deteriorations in the technical indicators. Let us discuss each of the factors in the technical analysis of the daily BTC-USD price chart below. Bitcoin Chart Structure - As has been marked in the chart above, the upward channel in which Bitcoin has been trading since the last week of September clearly holds. However, as discussed earlier, Bitcoin has failed to sustain above....