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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

ETH/USD and ETH/BTC Technical Analysis November 10 2017

newsbtc
newsbtc
1 year ago
1 min read
ethusd

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ETH/USD

Ethereum has finally done it, breaking above the $316 level. This is very likely going to be the beginning of a rally towards the $350 level, so therefore I think that short-term pullback should be buying opportunities and the $310 level should offer support. We are a little bit overbought at this point, so look at pullbacks as opportunities to go long.

ETH/BTC

Ethereum rallied against Bitcoin as well, reaching towards the 0.045 level. We are in overbought territory when it comes to the stochastic oscillator, so I think we could see a bit of a pullback and a move towards the 0.04 level underneath again. If we were to break out to the upside, I suspect that there is even more resistance at the 0.05 level, so I would only be more interested in selling to the upside of here.

Thanks for watching, I’ll 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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