ETH/USD and ETH/BTC Technical Analysis November 14 2017

newsbtc

1 year ago

1 min read

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.

ETH/USD

Ethereum has been rather choppy during the session on Monday, but it does look as if we are trying to go higher. I believe that the $312 level underneath should offer a bit of support, but we need to break above the $320 level to extend the rally. Right now, the stochastics look a little bit overbought, but longer-term I still believe that the buyers come back into the marketplace, as we are starting to see significant support.

ETH/BTC

With the noise that we have seen and Bitcoin over the weekend, Ethereum has done reasonably well against it. The market fell initially during the day on Monday, but looks likely to find support at the 0.045 level. I think that a bounce from here is very likely, and the 0.055 level above could be a short-term target.

Thanks for watching, I’ll be back tomorrow.

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.