TA: Why Ethereum Close above $1,600 Could Stage A Strong Rally
Ethereum started a steady increase above $1,450 and $1,500 against the US Dollar. ETH price is showing positive signs, but it must settle above $1,600 for upside continuation. Ethereum started a decent recovery above the $1,450 resistance zone. The price is now trading well above $1,500 and the 100 hourly simple moving average. There was […]
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As these words are being typed, it seems Bitcoin wants to rally and ethereum is looking weak. This proves the wisdom of waiting for confirmation before executing a trade. Readers of yesterday’s column will recall that I ended by saying I was prepared to buy ethereum and/or ethxbt, but suggested I would wait for confirmation. As of now that confirmation has still not come. In fact, there are few concrete signals (that I can see) to indicate which way these currencies are going to break, so I for one will wait on the sidelines until a trend asserts itself. What might constitute a CLEAR AND....
Ethereum’s ether stayed above the $372 support and recovered nicely against the US Dollar. ETH price is now struggling to clear $392, above which it could rally significantly. Ethereum started a decent recovery wave after it found support near the $372 level. The price is now trading above $382 and testing the 100 hourly simple […]