22-01-2017
03:02 am
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Category: Opinion

Ethereum Price Technical Analysis

Ethereum Price Technical Analysis – ETH/USD Uptrend Intact No Comments

Key Highlights ETH price maintained its bullish bias against the US Dollar and closed above the $9.60 level. There was a break above a bearish trend line formed on the daily chart (data feed via SimpleFX) of ETH/USD, which earlier opened the gates for more gains. The price is also well above the 100-day simple moving average, which is a positive sign. Ethereum price remained in an up...


Ethereum Price Technical Analysis – ETH/USD Trading Positive No Comments

Key Highlights ETH price regained the bullish traction against the US Dollar, and moved above the $10.20 level. Yesterday’s highlighted connecting bearish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD was broken to clear the way for more upsides. The price traded as high as $10.27 before starting a correction or we can say consolidation. Ethereum price traded h...


Ethereum Price Technical Analysis – ETH/USD Resistance Turned Support No Comments

Key Highlights ETH price corrected lower further against the US Dollar, but found support near $9.60. There is a connecting bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a resistance near $10.05. The price remains supported on the downside, as an earlier resistance is now acting as a barrier for sellers near $9.60. Eth...


Ethereum Price Technical Analysis

Ethereum Price Technical Analysis – ETH/USD Strength Short-lived No Comments

Key Highlights ETH price managed to trade higher above $10.20 against the US Dollar, but failed to hold gains. There was a bearish trend line (as highlighted in yesterday’s post) on the hourly chart (data feed via SimpleFX) of ETH/USD, which was cleared for an upside move. The price traded as high as $10.37 where it found sellers and moved down. Ethereum price after an upside move ...


Ethereum Price Technical Analysis

Ethereum Price Technical Analysis – ETH/USD Bearish Signs Emerge No Comments

Key Highlights ETH price traded a touch lower against the US Dollar, and closed below the $9.50 support area. Yesterday’s ascending channel pattern on the hourly chart (data feed via SimpleFX) of ETH/USD was broken to clear the way for more downsides. There is a bearish trend line on the same chart, acting as a resistance near $9.45. Ethereum price is currently moving down against ...


Ethereum Price Technical Analysis

Ethereum Price Technical Analysis – ETH/USD About To Rise? No Comments

Key Highlights ETH price managed to remain above the $9.40 support area against the US Dollar, and may trade higher. There is an ascending channel pattern formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which taking the price higher. The price is currently above the 100 hourly simple moving average, which is a positive sign. Ethereum price looks like trading above a c...


NewsBTC_Bitcoin Nigeria Business

Nigeria Will Lead Bitcoin Adoption in Africa Soon No Comments

Bitcoin adoption in Africa was being spearheaded by South Africa, Kenya, and Ghana, until recently. In fact, the year 2016 witnessed the upward improvement of Bitcoin penetration in the Federal Republic of Nigeria in an encouraging dimension. In October 2016, a Nigerian based Exchange BitX announced that their wallet on Google Play Store recorded 100,000 downloads. Besides the increase in volum...


Bitcoin Price Weekly Analysis

Bitcoin Price Weekly Analysis – BTC/USD Upside Contained No Comments

Key Points Bitcoin price moved down sharply this past week to trade close to the $700 handle against the US dollar before starting a recovery. There is a recovery underway, as there is a flag pattern formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD. The price is currently facing a couple of important resistance levels, including $850 and $880. Bitcoin price after a sh...


Ethereum Price Technical Analysis – ETH/USD Struggling To Hold Gains No Comments

Key Highlights ETH price remained under a bearish pressure this past week against the US Dollar and traded below $10.00. There is a tiny connecting bullish trend line formed on the daily chart (data feed via SimpleFX) of ETH/USD, which is currently holding the downtrend. The price needs to close above the 100-day simple moving average in order to gain control. Ethereum price mostly t...


Ethereum Price Technical Analysis

Ethereum Price Technical Analysis – ETH/USD Rallies From $9.00 No Comments

Key Highlights ETH price after a sharp downside move found support near $9.00 against the US Dollar, and started recovering. There was a bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which was broken during the recent upside move. The price traded higher, and currently finding sellers near the $9.80-10.00 area. Ethereum price after yesterday’s c...


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