TA: Ethereum Bears Keeps Fighting, Why ETH Could Correct Sharply
Ethereum is still struggling to clear the $595 resistance zone against the US Dollar. ETH price remains at a risk of a sharp decline if it breaks the $575 support zone. Ethereum is still trading well below the main $595 and $600 resistance levels. The price is now approaching the $580 support zone and the […]
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The epic struggle between bulls and bears continues, with neither side willing to accept defeat. After a smaller than expected fall a couple days ago, the coins have rallied back to the 78.6% retracement level and have held their ground at that level for the past day or so. As you can see in the image below, price continues to be supported by a trendline from the October low. The line has been tested and held for seven tests so far. Meanwhile, it appears a pennant is forming which I presume most traders can readily see. I have labelled the pennant as I see it. If I am correct, the final....
Ethereum is struggling to gain momentum above $410 and $420 against the US Dollar. ETH price might start a strong downside correction if it clears the $400 support. Ethereum is facing a couple of major hurdles near the $410 and $412 resistance levels. The price is currently holding the $400 support and the 100 hourly […]
Ethereum started a decent upward move above $620 and $630 against the US Dollar. ETH price failed to clear $640 and it is currently struggling to stay above $620. Ethereum remained well bid above the $590 zone and recovered above $620. The price is now consolidating near $620, but it is below the 100 hourly […]
Ethereum is down 5% and it is struggling to stay above $2,000 against the US Dollar. ETH price could decline sharply if there is a break and close below $2,000. Ethereum is showing bearish signs below the $2,050 and $2,100 levels. The price is now trading well below the $2,100 resistance and the 100 hourly […]
Bitcoin price has fallen rather sharply following failure to breach a strong resistance level. I was hoping for an upwards break but the pesky full moon appeared (again at a market inflection point, starting to think there's something to this moon phase stuff...) to foil my Plan A. The bears have won a minor skirmish - but not the battle and certainly not the war. After failing to breach a key level, 850 on Bitstamp or 950 on Gox, the Bitcoin price is now staging a fighting retreat back to Support. At the time of writing, the down move has at least paused around the 820 / 0.236 Fib level.....