ETH/USD and ETH/BTC Technical Analysis June 22, 2017

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Hello and welcome to News BTC’s Market Outlook June 22.

ETH/USD

The Etherium market fell during the day on Wednesday, breaking towards the $300 level. I believe that is an area that offers significant support, so I believe as long as we can find buyers in that area, this market should continue to go even higher. Below there, I think there is support all the way down to at least the $260 level. With this, I am going to be very patient and look for supportive candles and balances to take this market to the upside.

ETH/BTC

The Etherium market tried to rally initially on Wednesday, but found the 0.13 level to be resistive. We fell below the 1.12 level, and it now looks as if we are going to continue to go even lower. Perhaps reaching down to the 0.11 handle, and then the 0.10 level after that. I’m looking for some type of supportive candle to go long, but in the meantime, I think we are to continue to drift a little bit lower.

Thanks for watching, we’ll see you again tomorrow.