ETHUSD

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Technical Analysis – ETHUSD struggles under 40-SMA with weak momentum

Posted on July 22, 2019 at 10:48 am GMT

ETHUSD has been moving with weak momentum over the last few sessions, remaining between the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. Following the rebound on 187.63, the 61.8% Fibonacci retracement level of the upward wave from 80.00 to 362.045, the technical indicators are suggesting more gains to come ahead; the stochastic is positively sloped and below the overbought zone, while the MACD is extending its upward movement towards the zero line. In the event of an upside reversal, [..]

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Bitcoin takes off again; how high will it go this time? – Cryptocurrency News

Posted on July 2, 2019 at 8:08 am GMT

Bitcoin – the world’s first cryptocurrency – is eyeing highs not reached since the early parts of 2018 as it almost breaks above $14,000. But as many individuals who invested in the cryptocurrency during its heydays in late 2017 celebrate its revival, has the latest rally already started to lose steam? There are several theories on what could be driving the current upswing but given the lack of transparency in the cryptocurrency market, it’s difficult to determine the exact reasons [..]

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Technical Analysis – ETHUSD flies towards 11-month high; strongly positive

Posted on June 26, 2019 at 1:31 pm GMT

ETHUSD skyrocketed towards a new eleven-month high of 346.57 earlier today, holding well above the 20- and 40-simple moving averages (SMAs) in the 4-hour timeframe. Momentum indicators are standing in the positive area in the 4-hour chart with the MACD just above the trigger line and the stochastic oscillator looking overstretched above the 80 level. In the event of an upside reversal, the 352 resistance level could act as a barrier, registered on April 2018. A break above this level would open [..]

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Technical Analysis – ETHUSD rebounds, surpassing 23.6% Fibonacci

Posted on June 10, 2019 at 1:32 pm GMT

ETHUSD has reversed back up after finding support at the 225 level, achieved earlier today. Momentum indicators are pointing to a positive bias in the 4-hour chart with the MACD just above trigger line and the stochastic oscillator is approaching the 80 level as the %K line is heading above the %D line. In the event of an upside reversal, the 253 resistance level could act as a barrier before being able to re-challenge the 270 obstacle. A break above [..]

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Technical Analysis – ETHUSD lacks direction in near term; positive profile in medium term

Posted on May 21, 2019 at 1:04 pm GMT

ETHUSD has been on the sidelines over the last week as the price struggle near the 20-simple moving average (SMA). Technically, the price could lose some ground in the short-term as the RSI is changing direction to the downside and is moving towards its 50 neutral mark, while the stochastics are creating a bearish cross within %K and %D lines. A rebound on the 20-day SMA should drive the price towards the 263.60 resistance level. Higher up, the eight-month high of 279.20 could attract attention. [..]

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Technical Analysis – ETHUSD bounces back above SMAs; bullish in medium-term

Posted on May 7, 2019 at 8:48 am GMT

ETHUSD has come under renewed buying interest over the last five days, rising back above the 20- and 40-simple moving averages (SMAs) in the daily chart. The positive bias in the near term is also supported by the RSI, which has been hovering above the 50-neutral level in the past few days, while the stochastic oscillator entered the overbought zone. If prices continue to head higher, resistance should come from the 184.00 barrier and the five-month high of 186.00. A [..]

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Technical Analysis – ETHUSD hovers inside Ichimoku cloud; indicators signal bullish bias

Posted on April 17, 2019 at 1:23 pm GMT

ETHUSD has been trading inside the Ichimoku cloud and between the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. Over the last week the price has been moving sideways after the drop beneath the 168.30 barrier. The MACD oscillator is heading upwards, above the trigger line and the RSI entered the positive zone, pointing upwards. Resistance could occur around the 168.30 hurdle, which coincides with the 40-SMA. A break above this area could increase the bullish sentiment, retesting the 23.6% [..]

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Technical Analysis – ETHUSD heads south after recording 5-month high

Posted on April 8, 2019 at 12:12 pm GMT

ETHUSD retreated after it found strong resistance on the five-month high of 186 earlier on Monday. Momentum indicators are all supportive of the bullish view, as the red Tenkan-sen line and the blue Kijun-sen line point up, as well as the 20- and 40-simple moving averages (SMAs) in the 4-hour chart. Additionally, the MACD oscillator is strengthening its bullish momentum above trigger line in the positive territory. After the minor bearish retracement, the price may head north again towards the [..]

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Technical Analysis – ETHUSD rebounds to challenge 23.6% Fibonacci region

Posted on March 6, 2019 at 1:17 pm GMT

ETHUSD has been moving below the 23.6% Fibonacci retracement level of the upleg from 99.00 to 148.15, around 136.40 after hitting the 138.65 resistance level. In addition, the price holds above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, while the RSI indicator stands flat in the positive area and the MACD is gaining momentum above the zero line. Resistance could occur around the 23.6% Fibonacci and the 138.65 barrier. A break above this area could increase the bullish [..]

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Technical Analysis – ETHUSD extends gains around 5-month high; turns bearish bias to bullish

Posted on February 19, 2019 at 12:39 pm GMT

ETHUSD has performed an extremely bullish action after the bullish gap in the previous day, sending prices towards a fresh five-month high of 148.15 earlier today. The RSI indicator is developing well above the 70 level in the overbought zone, while the MACD oscillator crossed above both the trigger and zero lines in the 4-hour chart. Moreover, the price rise above the 20- and 40-simple moving averages (SMAs), is pointing to more gains. In case of a move higher, immediate resistance is coming from the 148.15 barrier, while a successful jump above [..]

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