Ethereum Price Technical Analysis (Nov. 18): Further Correction Is Probable

Ethereum Price Technical Analysis (Nov. 18): Further Correction Is Probable

When looking at the chart below we can see that Ethereum (ETH)trade is currently trading at $184. It can also be observed that the second-largest cryptocurrency’s price is trading within the channel with the upper limit at around $185 acting as resistance and the lower limit of the channel at around $181 is acting as support. This is also confirmed by a formation of an evening star pattern, which is a bearish reversal pattern. Dow…

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Bitcoin Price Technical Analysis (Nov. 13): Indecision and Negative Momentum

Bitcoin Price Technical Analysis (Nov. 13): Indecision and Negative Momentum

When looking at the chart below, we can see that Bitcoin(BTC)trade is currently trading at $8,792. It can also be observed that the largest cryptocurrency’s price is back into the channel with an upper limit at $8,875 acting as resistance and the lower limit at $8,689 acting as support. Additionally, there is a formation of shooting star pattern which indicates that the price might touch the lower limit. Dow Theory Bitcoin is currently appearing in…

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Ethereum Price Technical Analysis (Nov. 6): Indications of a Further Correction

Ethereum Price Technical Analysis (Nov. 6): Indications of a Further Correction

Analysis When looking at the chart below we can see that Ethereum (ETH)trade is trading at $190.70. It can also be seen that the second-largest cryptocurrency’s price is back in the channel after a false break out. The upper limit of the channel at $192 is also acting as resistance and $187 is acting as support. The lower limit of the channel is $181. There is also a formation of an evening star pattern, which…

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Ripple Price Technical Analysis (Oct. 31): Trading with Neutral Sentiments

Ripple Price Technical Analysis (Oct. 31): Trading with Neutral Sentiments

When looking at the chart below, we can see that Ripple (XRP)trade is trading at $0.294. It can also be observed that the cryptocurrency price is still trading inside the channel and is expected to do so for some time. Therefore, it is suggested to do swing trading. The current resistance is at $0.3032 and support at $0.289. The digital currency is currently trading with neutral sentiments. Dow Theory According to the Dow Theory, the…

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Bitcoin Price Technical Analysis (Oct. 29): Trending Sideways After the Big Rally

Bitcoin Price Technical Analysis (Oct. 29): Trending Sideways After the Big Rally

When looking at the chart below we see that Bitcoin(BTC)trade is currently trading at $9,357. It can also be observed that the largest cryptocurrency has recently broken the resistance of $8,650 with good volume, turning the sentiments positive. But after the uptrend, Bitcoin’s price seems to be entering the channel with resistance at $9,510 and support at $9,264, as the price might continue trending sideways for a short while. Currently the price is moving towards…

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Litecoin Price Technical Analysis (Oct. 24): Going Down with a Shooting Star Pattern?

Litecoin Price Technical Analysis (Oct. 24): Going Down with a Shooting Star Pattern?

When looking at the chart below, we can see that Litecoin (LTC)trade is currently trading at $50.07. The cryptocurrency price has broken out of the channel and broken the support of $52 and found a new support at $48 with resistance at $ $50.5. Litecoin’s price is trading around its support level and we see formation of a shooting star pattern which is bearish reversal pattern. So the price is expected to touch the support…

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Ethereum Price Technical Analysis (Oct. 17): Still in the Panic Phase

Ethereum Price Technical Analysis (Oct. 17): Still in the Panic Phase

When looking at the chart below, we can see that Ethereum (ETH)trade is currently trading at $177.8. The price has broken the support of $178, turning it into resistance with new support at $173.43. The price seems to be stuck between the channels, like Bitcoin, with the resistance as the upper limit and support as the lower limit. The price is approaching the resistance so it is suggested not to take long positions at this…

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Bitcoin Price Technical Analysis (Oct. 16): Trending Sideways with Negative Sentiment

Bitcoin Price Technical Analysis (Oct. 16): Trending Sideways with Negative Sentiment

Analysis When looking at the chart below we see that Bitcoin(BTC)trade is currently trading at $8,014. It is also seen that the price is still trading between the channels, with the upper limit at $8,436 acting as resistance and the lower limit is at $7,927 acting as support. Currently the cryptocurrency’s price is around its support level. Therefore, long positions can be taken around the support level for swing trading, keeping the stop-loss near the…

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Bitcoin Price Technical Analysis (October 7): Bullish But Currently Stuck

Bitcoin Price Technical Analysis (October 7): Bullish But Currently Stuck

When looking at the chart below we can see that Bitcoin(BTC)trade is currently trading at $8,168. Although an uptrend is supposedly seen, when looking closely we can recognize that the price is still between the channels and has failed to break the resistance of $8,255. So it is suggested not to take long positions at this price as it is currently around the resistance level. It is expected that the price will be traded between…

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Ethereum Price Technical Analysis (September 25): The Bears Prompt the Panic Phase

Ethereum Price Technical Analysis (September 25): The Bears Prompt the Panic Phase

When looking at the chart below, we can see that Ethereum (ETH)trade is currently trading at $166.67. The ETH price has recently broken the support of $171.25 turning it into resistance with the next support level at $160.75. The second-largest cryptocurrency’s price has fallen 26% which clearly indicates a negative momentum. The price has jumped back up after breaking the support, but the jump looks temporary and the price may again test the support. Dow…

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