Ethereum Price Technical Analysis – Targets Achieved, Buy Dips More?
Ethereum price continued to gain traction against the US Dollar, and it looks like the idea of buying dips may still work in the short term. Key Highlights. Ethereum price surged higher against the US dollar and posted healthy gains during the past 24 hours. My yesterday’s idea of buying worked and it you entered a trade, then it’s time to take profits if not already. A new bullish trend line is formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which can now act as a support area on the downside. Ethereum Price Buy. Ethereum price ETH climbed further higher against US Dollar,....
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Bitcoin has crossed the crucial resistance mentioned in A Breakout Everybody's Waiting For!, rising roughly 1.54% to trade at $235.75. The price appreciation has also led to overbought valuation for Bitcoin which might face stiff resistance from the next supply region at around $238. So, should you be buying Bitcoin now or not? Let's find out in the technical analysis below! Technical analysis of the above presented 240-minute BTC/USD price chart indicates that bulls have complete control over the situation and that Bitcoin is a pure buy-on-dips play. Bitcoin Chart Structure - After....
Ethereum price traded higher versus the US Dollar and my buy dips idea presented yesterday is playing well in the short term. Key Highlights. ETH price surged higher towards $13.20 against the US Dollar to form an uptrend. There is a bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which may act as a support zone if the pair corrects lower. Buying dips remain a good option for ETH, as long as the price remains supported. Ethereum Price Support. Ethereum price climbed a few points higher during the past 24 hours against the US Dollar to set a high of....
The Christmas isn’t turning out to be merry for Bitcoin. The cryptocurrency is struggling near the overhead resistance of $465. It is now trading 1.28% lower at $450.89, raising concerns that the market participants might pull out their funds in the holiday season. As a result, several technical indicators are also showing declines. We advised in the previous Bitcoin price technical analysis Target Achieved that traders should book at least partial profits in their long positions. And for today’s analysis, we will again be using the 4-h BTC-USD price chart from BITSTAMP.
Ethereum price moved further higher, and buying dips played well. Now, can ETH/USD continue trading higher and test $15.00 once again? Key Highlights. Ethereum price did not stop climbing against the US Dollar Intraday, and moved above the $14.00 level. My yesterday’s idea of buying dips worked perfectly, and if you entered a trade, then I suggest to book partial profits. Also, yesterday’s highlighted bullish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD continued to act as a support area. Ethereum Price To Move Further Higher? There was no stopping Ethereum price....
Ethereum price tumbled recently, and traded towards $8.00. It was a perfect sell, and it looks like the bulls may be exhausted. Ethereum price ETH was down and out, as there was a sharp downside move towards the $8.00 support area. I mentioned in my previous analysis that there is a chance of a decline in ETH/USD due to the technical indicators. It was a perfect sell, and the final target of $8.0 was achieved. There was a bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD, which acted as a perfect catalyst for a decline. The price traded below $8.0, and a new low of....