ETH/USD and ETH/BTC Technical Analysis Aug18, 2017

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Hello and welcome to News BTC’s Market Outlook Aug 18.

ETH/USD

Ethereum pulled back slightly during the session on Thursday, but then shot much higher. Now that we are at the $310 level, the market looks ready to continue to go much higher. However, I think that the market will find buyers on pullbacks, and that’s how I would buy this market, on the dips. Ultimately, I expect this market to go looking towards the $320 level.

ETH/BTC

Ethereum continues to go sideways, hanging about the 0.07 level. This market continues to offer very little in the way of trading, but it does look as if we are perhaps trying to build up a little bit of a base in a somewhat tight accumulation phase. At this point, I’m on the sidelines.

Thanks for watching, I’ll see on Monday.