In the next few hours we could see some more action in the price than what we have had throughout this beginning of August where the price has been oscillating between lows of $ 350 and reaching over $ 400 on a couple of occasions. If the triangle formation is fulfilled, we could see another impulse in ETH that would oscillate around $ 500, giving us a...
BCH breakout possible to 380 usd. This is a small update in trend BCH.
As of late October 25, the expense of Ethereum (ETH) was in a hopeful example. The bulls recuperated control of the market and pushed Ethereum cost from $160 to $181, breaking over the 20-day Simple Moving Average (SMA). Coincidentally, apparently bulls are exhausted as they have failed to continue with the rise. At the hour of creating, the Ethereum cost is...
Relative Strength Index: The RSI is currently at 59 points. It recently peaked at 65 which was a result of the rebound from the bear trap. At this point, the RSI will try to stay within range as we've seen previously. At the same time since the RSI is leaning on the high side, the market has plenty of strength to make another move. Bollinger Bands: The price...
Relative Strength Index: The RSI at the time of writing is at a healthy 51 points, this means the market is healthy and has enough strength to make moves in either direction. Unfortunately, since RSI's previous action was bullish, we might see a slight dip below 40 points which might cause a retracement on the market. Bollinger Bands: The price is currently...
Before the end of the year there will be a partial transfer to POS protocol. ETH will reach previous heights once it start work. ETH repeats chart of BTC in the long and in the short term, so if BTC according to our previous analysis succeed then ETH has a great chance to gain previous price height. According to the Technical Analysis, a triple convergence on...
Our previous extended analysis was based on IHS formation which was broken at past price movement levels. However there is one more chance for Ethereum to complete this pattern. Indicators are mostly in neutral or bearish state, however it is due to recent growth and entering Ichimoku clouds zone. Hence the growth should continue till the upper edge of green...
Current market fall caused by BTC price decrease affected ETH market. However this decline will form reversed H&S pattern. This combined with indicators status will force the price move up till it reaches previous heights. Before this happens we expect a little drop to Fib 0.786 support level around $640. Overall the market seems to be fine and should be bullish...