ETH/USD and ETH/BTC Technical Analysis November 23 2017

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

ETH/USD

Ethereum continues to be volatile and choppy and a reasonably tight range between $350 level on the bottom, and $370 on the top. I think this is a simple accumulation phase, and the short-term pullbacks offer value the people will be willing to take advantage of. Because of this, I believe that waiting for a short dip in this market is probably the best way to accumulate more before we go looking towards the $400 level.

ETH/BTC

Currently, this market is going nowhere. There isn’t much to say about it other than it’s probably best left alone, at least until we get some type of significant move. Both currencies are going reasonably well, and consolidating at high levels against the US dollar. Because of this, it doesn’t look like this market will move very much.

Thanks for watching, I’ll be back tomorrow.