BITCOIN AND ETHEREUM TECHNICAL ANALYIS PRICE #2 25th JULY’17

in #bitcoin • 7 years ago

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BITCOIN PRICE KEY HIGHLIGHTS

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  • Today price of Bitcoin is still stuck in its symmetrical triangle pattern in all-time low.

  • A break in downside could larger correction inspire from the rally while there is upside break to the new records highs creation.

  • This mostly signaling the Technical indicators that further gains are in the cards.

Price of bitcoin could be upside break due from this short-term consolidation pattern, on long-term time frames it looks like bullish flag.

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KEY HIGHLIGHTS

  • Price of ETH is below $230-236 resistance area but to gain traction against the US Dollar it failed.

  • Highlighted bearish trend line Yesterday with current resistance near $228 behalf of hourly chart of ETH/USD as shown in below table.

  • Ether Price has slowly moved below the 100 hourly SWA, also there is no major move below $230

With struggling in the Ethereum price gain bullish momentum against US Dollar and Bitcoin, also ETH/USD remains capped by a major hurdle near $230-236

HOURLY MACD – The MACD is almost flat, signaling nor major move.

HOURLY RSI – The RSI is currently below the 50 level, but there is no major direction.

MAJOR SUPPORT LEVEL- $218

MAJOR RESISTANCE LEVEL- $236

Thanks! for reading and gave this post a admired approach by following and voting🙏

#etherium #cryptocurrency #news #analyse
7 years ago in #bitcoin by
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     7 years ago 

    Awesome write-up - followed you and up-voted!

    There was a huge uptick in volume last hour followed by a sharp decline for both ETH & BTC, appears that we've broken through the symmetrical triangle.

    Currently testing support in the $215 - $218 range for ETH, will see if it holds.

    Are you thinking $200ish will be our next level of support for ETH if $215-$218 breaks?

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     7 years ago 

    Yes u right and thanks for your support.

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       7 years ago 

      Awesome post @fascinateplot, keep up the great work! @lank I gave you an upvote, and a follow :) @lank

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         7 years ago 

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