Bitcoin, Ethereum Technical Analysis: ETH on the Cusp of $1,200 Following Bre...
Bitcoin edged marginally higher on the last Friday of the month, breaking out of its recent resistance of $21,100 in the process. ETH was also in the green during today’s session, climbing by nearly 5% to move past a price ceiling of its own. Bitcoin Following a turbulent week of trading, BTC was once again higher on Friday, as prices moved above $21,000 heading into the weekend. Less than a day after trading at a low of $20,233.56, BTC/USD rallied to an intraday peak of $21,266.39 Friday’s flurry of trading saw prices move past a key....
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Ethereum fell below its recent floor of $1,500 earlier in today’s session, as bearish pressure intensified in crypto markets. Uncertainty in the market has heightened today, as traders prepare for yet another rate hike from the Fed. Bitcoin was also lower for a second consecutive day, as prices were on the cusp of falling under the $21,000 level. Bitcoin Bitcoin (BTC) extended its stint in the red during today’s session, as the token was on the cusp of falling below $21,000. Following a high of $22,213.48 to start the week, BTC/USD slipped to an intraday low of $21,012.48 in....
Dogecoin (DOGE) could be on the cusp of another massive rally, according to an analysis from technical analyst Kevin (@Kev_Capital_TA). He believes the current correction closely mirrors the pattern that set the stage for DOGE’s explosive gains during its previous bull cycle. In his view, the DOGE price crash over the days, measured by percentage, […]
Ethereum is trading very flat in a dull session as bitcoin remains undecided about the future direction. Currently at 0.00191BTC, Ethereum is in a no trade zone as discussed in the previous technical analysis. Sole Positive – The technical indicators are, however, rebounding from the respective oversold levels. I would like to discuss the resistance and support levels for Ethereum now. To serve this purpose, I will be using the 4-h ETH-XBT pair. Chart Structure – The pair has been registering lower tops and lower bottoms for the past 10 trading sessions. Connecting the two highs in this....
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 –....
Ethereum has seen some notable strength today despite Bitcoin’s lackluster price action This has allowed it to gain some serious ground on its BTC trading pair, and the crypto is on the cusp of seeing a massive breakout Where it trends in the mid-term will undoubtedly depend at least partially on whether or not bulls […]