The exchange rate can be used to build a second rising fractal. In this case, the primary target price is 366 usd. The percentage of rise (60%) is equal to the percentage of the previous fractal increase. In the event of a more pronounced rise, the second fractal target (secondary) may change to 120%. I will continue ....
Midterm forecast:
While the price is above the support 162.650, beginning of uptrend is expected.
We make sure when the resistance at 264.800 breaks.
If the support at 162.650 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI support #1 at 44 is not broken, the probability of price decrease would be too...
Midterm forecast:
250.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is...
I'm watching all day what is happening on Coinbase Pro today and it looks to me like a huge sell off of coins. Checked other currencies too and looks very similar to me. Bots pumping up the price to the top then selling coins then pumping back a bit and again selling coins. Coinbase pro looks today like a computer simulator now, there is no real trade in my...
According to my previous analysis, the exchange rate is moving. That's why I still prefer to change the target price here. The figure shows that the movement of the exchange rate is the beginning of a fractal path, so it is advisable to use this path to determine the target price. The primary target price is $ 386.27.
Technical analysis:
. EthereumClassic/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a...
Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information...
ETHUSD has displayed some signs of weakness today after a very bullish week.
A 1h trend line has been broken and now price is exposed to the downside. When we look at the daily chart there's an obvious level of resistance capping ETHUSD from rising any more. A nice bearish daily close could set us up with a profitable downside move.
This is a short term trade...
Technical analysis:
. Walton/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of...
Technical analysis:
. Vibe/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of...
Ethereum (ETH) is a relatively new cryptocurrency that was released in 2015. It has the second largest market capitalization of all the cryptocurrencies, though it's a distant second to Bitcoin which is about 5 times larger. Ethereum was designed on a different technology than Bitcoin called blockchain. While Bitcoin was developed as a currency, to be used like regular money, Ethereum is also a platform and programming language that can be used to build and run applications on. As such, Ethereum has different intentions.
Miners, who contribute computing power either towards the creation of new blocks or towards the processing of transactions, are rewarded with new crypto-tokens called ether. Ether can be traded and used to run applications. As a tradable instrument Ethereum has done well and has grown into the biggest altcoin on the market. Ethereum units can be bought or sold against other cryptocurrencies or against fiat currencies like the USD or the EUR.
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