ETH/USD and ETH/BTC Technical Analysis September 13 2017




ethusd

Hello and welcome to News BTC’s Market Outlook September 13.

ETH/USD

Ethereum rallied during the day on Tuesday, breaking above the $310 level. It now looks as if we are going to find support underneath, and I think that the market will probably go looking towards the $330 level, giving us plenty of opportunities to buy at lower levels. Eventually, we will break above there and towards the $350 level. I have no interest in shorting.

ETH/BTC

Even though longer-term I prefer Bitcoin over Ethereum, it does look bullish in the short term. The 0.071 level has offered support, and I think we will go looking towards the 0.074 handle. Ultimately, this is a market that I think will continue to grind higher over the next couple of sessions, but I believe that owning Bitcoin will turn out to be the better of the 2 currencies over the longer term.

Thanks for watching, I’ll be back tomorrow.

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.

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