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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 28 2017

newsbtc
newsbtc
1 year ago
1 min read
ethusd

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

ETH/USD

ethusd

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

ethbtc

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.

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