ETH/USD and ETH/BTC Technical Analysis October 26 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 tried to rally initially on Wednesday, but found a bit of trouble at the psychologically important $300 level. At this point, it’s likely that we are trying to build a base to break above there, and once we do, we should see the market go much higher. Ultimately, the market should then go towards the $312 level. Pullbacks of this point still should face quite a bit of support.

ETH/BTC

Ethereum rolled over against Bitcoin as well, breaking towards a fresh, new low. At this point, is very likely that we continue to go lower, perhaps reaching towards the 0.051 level, and then of course the psychologically important 0.05 level after that. If we do rally, there is going to be a lot of resistance at the 0.056 handle.

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.