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Breaking News: Is Sony The Next Crypto Bank? Tech Giant Applies For A National Charter In The US

ETH/USD and ETH/BTC Technical Analysis July 4, 2017

newsbtc
newsbtc
1 year ago
1 min read

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Hello and welcome to News BTC’s Market Outlook July 4.

ETH/USD

Ethereum went back and forth during the day on Monday, testing the $275 level. There is a significant amount of support just below though, so I think that we will eventually see buyers jump into this market, pushing Ethereum towards the $300 level, and then the $320 level after that. A break above that level would be extraordinarily bullish.

ETH/BTC

Ethereum fell on Monday, reaching towards the 0.108 level. There is quite a bit of support underneath, extending down to the 0.10 level. I’m looking for some type of bounce or supportive candle that I can buy to build a larger position to hold on to gains as we continue to grind higher.

Thanks for watching, 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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