Ethereum Price Struggles—Is Another Breakdown on The Horizon?
Ethereum price remained supported above the $1,980 level. ETH is now consolidating and remains at risk of a downside break. Ethereum struggled to continue higher above the $2,050 resistance level. The price is trading below $2,020 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,040 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,040 and $2,100 resistance levels to start a decent increase. Ethereum Price Dips Again Ethereum price failed to continue higher above $2,100 and corrected some gains,....
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DigiFinex, a global cryptocurrency exchange, is adding Horizon Protocol’s token HZN to its ever-increasing list of tradeable altcoins. This news comes a few days after Horizon Protocol announced the upcoming launch of their Horizon Genesis project on BSC. The project will provide Horizon Protocol’s community with better ways of managing their synthetic assets on the […]
Ethereum. Regular readers will recall that I suggested yesterday morning (China time) that it was time to pull the stops in very tight on ETH. Those following me on twitter received a pic of a rising wedge chart pattern before and after it broke, with the implicit suggestion that the market was showing signs of an impending breakdown. That breakdown came, but not until after the chart registered a double top which can only be described as nerve-wracking to the extreme. Still, I suppose I should have foreseen the possibility of a brain-bleeding double top, as that is what it took to get....
Ethereum classic price broke down against bitcoin, and cleared a major support area to signal further losses in the near term. Key Highlights. Ethereum classic price broke down against Bitcoin, as I forecasted in yesterday’s post. Moreover, the highlighted support trend line on the hourly chart of ETC/BTC (data feed via Simplefx) was broken to open the doors for declines. The price is currently testing a short-term support, which can be cleared moving ahead. Ethereum Classic Price Breakdown. Ethereum classic price ETC found sellers intraday against Bitcoin and traded lower. In yesterday’s....
Ethereum classic price managed to correct higher recently, but remained below a major resistance area, which poses a risk of losses in ETC. Key Highlights. Ethereum classic price managed to recover a few points against Bitcoin, but may fail to sustain gains. There is a support trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx), which may be cleared by sellers moving ahead. A break below the trend line support may ignite a breakdown in ETC/BTC in the short term. Ethereum Classic Price Support. Ethereum classic price ETC after trading as low as 0.0025BTC versus the BTC....
What is Horizon Genesis? Horizon Genesis is a revolutionary new system that provides backing for Horizon Protocol and its assets. The HZN system offers the perfect solution because it extends mainstream DeFi into creating on-chain synthetic assets instead of just providing liquidity in existing ones like many other platforms do. This allows you to take […]