TA: Bitcoin Price Corrects 5%, Why Bulls Are Still Comfortable
Bitcoin price formed a double top pattern near $19,500 and corrected lower against the US Dollar. BTC is now trading below $18,500 and it could test the $18,000 support or $17,600. Bitcoin failed again to clear the $19,500 resistance and started a sharp downside correction. The price declined sharply below the $19,000 level and the […]
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Ethereum classic price continued its uptrend and gained by more than 20%. However, I feel it may be topping soon for a short-term correction. Key Highlights Ethereum classic price surged higher against Bitcoin and traded close to the 0.0048BTC level. There is likely a double top pattern forming around the mentioned level, so the bulls need to be very careful. There is a bullish trend line formed on the hourly chart of ETC/BTC, which may act as a support if the price corrects lower. Ethereum Classic Price Resistance Ethereum classic price ETC surged further during the past 24 hours against....
Ethereum price climbed higher and there was no stopping the bulls. It looks like the bulls may attempt to take it towards the $15.00 level. Intraday Support Level can be $11.80. Intraday Resistance Level may be $13.30. Ethereum price surged higher this past week and broken every resistance that came in its way. There was a major resistance formed near $12.00 where the bears attempted a couple of times to defend it. However, at the end, the bulls succeeded and took the price above the stated level. There was a sharp upside move towards the $13.00, and the price stopped near $13.33. There is....
Bitcoin price continued to gain strength against the US Dollar, and it looks like BTC/USD remains a good buy if it dips or corrects lower. Key Points. Bitcoin price remained in an uptrend against the US Dollar, and traded above the $750 resistance. There is a major bullish trend line formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD, acting as a support area. If the price corrects lower, it may find buyers near the $750-40 levels. Bitcoin Price Major Support and Buy Area. There were continuous gains in Bitcoin price against the US Dollar, as it broke a couple of important....
Ethereum rallied further towards $2,250 before it faced sellers against the US Dollar. ETH price is correcting lower, but the bulls are likely to remain active near $2,000. Ethereum started a downside correction after it tested the $2,250 resistance zone. The price is still well above $2,000 and the 100 hourly simple moving average. There […]
Ethereum found support near the $440 level and settled above $450 against the US Dollar. ETH price is likely to gain momentum if there is a proper close above $470. Ethereum is showing a few positive signs above the $450 and $452 support levels. The price is testing the $470 resistance and it is above […]