ETH/USD and ETH/BTC Technical Analysis November 28 2017

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Hello and welcome to News BTC’s Market Outlook November.

ETH/USD

Ethereum continues to bounce around, using the $450 level as support. We turned around to form a supportive looking candle, and I think at this point it’s only a matter of time before we reach towards the psychologically important $500 level. A break above there, would send this market much higher. However, a breakdown below the $450 level could cause a pull back towards the $400 level underneath.

ETH/BTC

Ethereum went sideways overall against Bitcoin, as we continue to languish near the 0.05 level. The market should find support in this general vicinity, but quite frankly I don’t think it’s going anywhere very quickly, as both crypto currencies are doing so well.

Thanks for watching, I’ll be back tomorrow.