Ethereum chart analysis:1 hour timeframe

in #trading • 8 years ago

Ethereum price chart shown in this analysis is a 1 hour timeframe. Price action between ~$192.93 and $255.88 is captured using a parallel channel which shows price in a side trend.

Ether.png

Width of the channel as indicated by the green arrow is therefore crucial in estimating a minimum price target for Ethereum upon a successful breakout above or below the channel.

Interested in Litecoin (LTCUSD)? Check out our previous analysis below.
https://coinanalyst.investments/2018/10/14/ltc-analysis/

Moreover, EURJPY (FX) analysis can be found here.
https://steemit.com/forex/@cryptotrader0029/eurjpy-with-a-double-bottom-pattern-6-hour-tf-analysis

#cryptocurrency #crypto #steemit #investing
8 years ago in #trading by
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