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ETH/USD and ETH/BTC Technical Analysis September 7 2017

newsbtc
newsbtc
1 year ago
1 min read
ethusd

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Hello and welcome to News BTC’s Market Outlook September 7.

ETH/USD

Ethereum initially dipped during the day on Wednesday, but found enough support at $320 to turn around and rally again. However, we are in an area that has previously been supportive, so it should now be resistive. With this in mind, I am not a buyer at these levels. I believe that a break above the $350 level would be what we need to see, or perhaps a pullback to show signs of support, perhaps near the $310 level.

ETH/BTC

Ethereum went sideways on Wednesday, as we struggle with the 0.075 level against Bitcoin. I believe that the sellers are probably going to come back relatively soon, so therefore I am not looking to buy this market. In fact, I anticipate that we will probably try to roll over rather soon.

Thanks for watching, all be back tomorrow.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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