Analyze graphs: grow the Ethereum Monday?

Date:

2018-10-15 04:00:06

Views:

3243

Rating:

1Like 0Dislike

Share:

Analyze graphs: grow the Ethereum Monday? Source:

The Price of Ethereum faced strong selling pressure after the recent draining of the stock market. Trading pair ETHUSD hangs in the balance from falling below $ 200. The longer the asset is trading under the resistance 212 dollars, the less buyers want to buy it.

The Overall situation looks like this:

the

    This week, the cryptocurrency fell to a new local minimum at the level of $ 185; the

  • on 4-hour chart formed two descending local trend. The first is a resistance area 208 dollars, and the second in area 218 USD;
  • the
  • in the near future there can be a pullback, but it is unlikely the bulls manage to consolidate above $ 212.

At the moment Ethereum is trading at $ 200. For the past day the price of the cryptocurrency has not changed.

the

Technical analysis

This week has become a serious challenge for investors in Ethereum. Asset was unable to break resistance at $ 234, so draining of the stock market had a very negative impact on the situation with the Ether. Just a half hour it fell below the support in the area of 206 and 200 dollars and reached local bottom at 185 dollars.

Drain and ended with a little correction, now the asset balances on a very fragile edge. For the bulls it is very important to keep $ 200 as psychological support.

In Addition to the horizontal levels, resistance Ethereum is also moving average 100 SMA on 4-hour chart. Before you can asset a lot of obstacles to growth, 206, 208 and 212 dollars. Customers will not be easy to reach from three horizontal resistance, 100 SMA and several Fibonacci levels.

Source: NewsBTC

Technical indicators saying about the danger of opening a trading position. MACD just went in the oversold zone and RSI is teetering just below average.

If you want to buy Ethereum for long-term investment, it can be done now. Cryptocurrency positive fundamental factors: hardwork , the transition to PoS and improvement of the blockchain. To obtain a quick profit in this market situation, alas, is very difficult.

The Analysis of graphs carried in .

Recommended

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Director of Euro Pacific Asset Peter Schiff does not see anything supernatural in growth . Recall that the main cryptocurrency has already risen by 179 percent since the beginning of 2019 and is now trading at the level of $ 8540. According to Schiff...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...

Hacker 1337. How to hack Etherscan not to cause any harm

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

Token 0x rose after the listing on Coinbase Pro

Token 0x rose after the listing on Coinbase Pro

the Token 0x (ZRX) was the first coin on the standard ERC-20, added to the listing of the trading platform Coinbase Pro. On the background of the event rate of the coins has increased by 13 per cent against the dollar and 13 perce...

CRYPTOMACH / Kriptosistema Buterin, 310 encrypted BTC in the puzzle and a mysterious prophecy about Bitcoin

CRYPTOMACH / Kriptosistema Buterin, 310 encrypted BTC in the puzzle and a mysterious prophecy about Bitcoin

Autumn slowly crept to the middle, and the last week before this mark was cool. Acne Buterin got into a debate with Nouriel Roubini and at the same time revealed the amount of their savings in ETH. Along with this, the hacker anno...

Auction house Christie's will put the system trades on the blockchain

Auction house Christie's will put the system trades on the blockchain

Distributed registry are more and more companies from different sectors of the economy. The blockchain already has consolidated its position in retail and banking sphere, now the sphere of art. One of the world's largest auction ...

Loser of the week: Bytecoin has delistyle another exchange

Loser of the week: Bytecoin has delistyle another exchange

a Listing on a major stock exchange — one of the main conditions for growth Aldona. However, delisting often means more losses. The rate of coin drops together with the number of transactions in its network. this time the setback...

Testing hard forks Constantinople failed. Rumors about the sabotage of the miners

Testing hard forks Constantinople failed. Rumors about the sabotage of the miners

Recall, is one of the most important improvements for Ethereum in the near future. The main change is a decrease in the reward for the block from 3 to 2 ETH. According to the supporter of hard forks Eric Conner, a 33-percent reduc...

The head of the world Bank, acknowledged the huge potential of the blockchain

The head of the world Bank, acknowledged the huge potential of the blockchain

world Bank President Jim Yong Kim believes that the blockchain has huge potential. In his opinion, banks should keep pace with innovative technologies. Other advantages of crypts Kim said at the annual summit of the world Bank in ...

Jimmy song: Bitcoin Cash has no real value

Jimmy song: Bitcoin Cash has no real value

In a recent interview the developer of Bitcoin touched on the current state of the stock market, in particular, Bitcoin Cash. The song told about Roger Faith, centralization and own attitude to the fork of Bitcoin. the Why you sho...

The number of open short positions on the Ethereum peaked. Look forward to the fall?

The number of open short positions on the Ethereum peaked. Look forward to the fall?

on Friday, the stock market has recovered somewhat from the fall, which took place two days earlier. We will remind, on Tuesday due to a draining of the Bitcoin fell to $ 6,100, and almost all of the top altcoins have lost at leas...

MTL grew by 15 percent. What is the reason?

MTL grew by 15 percent. What is the reason?

the Token Metal (MTL) rose 15 percent on the background of the fact that one of the world's largest cryptocurrency exchanges has announced the return of coins in the listing. The token was removed in January, and now Bitfinex trad...

Why falling Bitcoin threatens its status of

Why falling Bitcoin threatens its status of "gold 2.0"?

In recent weeks, has shown a remarkable stability, until I finally fell down from 6500 dollars to nearly $ 6,000. This suggests that the market is still dominated by bearish sentiment, the bulls will have to make many efforts to e...

Analyze charts: whether altcoins will rise after the recent draining?

Analyze charts: whether altcoins will rise after the recent draining?

If you are waiting for something new from the stock market, we have to disappoint you — the crypt is still falling. Chart , EOS, Stellar and IOTA shows a complete lack of wanting to buy altcoins. On the market there are only holde...

Success story: plastic surgeon from Singapore has bought a 38 percent stake Bithumb

Success story: plastic surgeon from Singapore has bought a 38 percent stake Bithumb

the Largest volume of trading in South Korea exchange Bithumb officially confirmed the sale of 38 percent of its shares to Singapore blakan-BK consortium Global Consortium. In the course of the agreement, BK Global Consortium wil...

Litecoin added to the exchange Gemini. Waiting for growth?

Litecoin added to the exchange Gemini. Waiting for growth?

Support for Gemini and yesterday's brief rise does not change the fact that the bears are still fully hold in their hands. The coin continues to fall. This decline is likely to stop only at the level of $ 30. the Latest news the C...

Smokelocke: scammers disguised hidden miner under update Adobe Flash Player

Smokelocke: scammers disguised hidden miner under update Adobe Flash Player

After a rapid rally of Bitcoin and the total market at the end of last year, scriptural filled with scammers. Their level of skill is constantly growing. A new idea for cyber criminals to hide malicious software in the installatio...

Pump on Yobit ended. The exchange chose PutinCoin

Pump on Yobit ended. The exchange chose PutinCoin

Who does not want to quickly and easily earn money? You had the opportunity, was enough to participate in Pampa on the stock exchange Yobit (we wrote about it in the channel). And although the official PAMP random coins caused ang...

Experts: China can kill Bitcoin 19 different ways

Experts: China can kill Bitcoin 19 different ways

In research publications experts at Princeton University, and Florida international University spoke about is not the good intentions of China. According to analysts, the authorities have quite a lot of motives «kill» Bi...

The riddle of the year: anonymous hidden in the picture 310 bitcoin. Who got the reward?

The riddle of the year: anonymous hidden in the picture 310 bitcoin. Who got the reward?

last week in the Internet appeared the puzzle, the key to which was the private key from the wallet 310 BTC. The mystery quickly became a hit in cryptocommunist, as it is one of the most expensive puzzles lately. However, the secr...

All to the bottom: how the fall of Bitcoin has influenced the top altcoins

All to the bottom: how the fall of Bitcoin has influenced the top altcoins

After yesterday's fall the EOS, Litecoin, Cardano, Monero and Stellar returned to their major support lines. Thus there is a strong likelihood of a new wave plum to continue the bearish trend. A detailed analysis of the charts of ...