ETH/USD and ETH/BTC Technical Analysis October 27 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 markets continue to go sideways, but when I look at the longer-term move on the 4 hour chart, it’s likely that the overall bottoming pattern should persist. And if we can get enough momentum to reach towards the upside and break above the $316 level, the market should continue to go towards the $350 level above. In the meantime, I think short-term dips offer short-term buying opportunities in a market that looks very likely to try to go higher.

ETH/BTC

Ethereum fell against Bitcoin again, and it now looks as if the overall downtrend continues. The 0.048 level underneath should continue to be a target, and a breakdown below there has this market even lower, as this market continues to be one that continues to offer selling opportunities on rallies. It’s not that I don’t like Ethereum, it’s just that everybody likes Bitcoin.

Thanks for watching, will be back on Monday.

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.