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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 July 13, 2017

newsbtc
newsbtc
1 year ago
1 min read

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Hello and welcome to News BTC’s Market Outlook July 13.

ETH/USD

Ethereum fell a bit during the day at the open on Wednesday, but found enough support at the $180 level to turn around and reach towards the $200 level. Quite frankly, if we break above the $220 level, it could be a buying opportunity, but until then, I would be very hesitant to put money to work in a market that looks very broken.

ETH/BTC

The ETH/BTC pair fell initially during Wednesday, but found the 0.08 level supportive enough to turn the market around. If we can break above the 0.09 level, the market should then go to the 0.10 handle after that. Otherwise, there is massive support just below, so although I’m not in a rush to buy this pair, I don’t think selling is the right thing to do as you will be “chasing the trade.”

Thanks for watching, we’ll see you again 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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