Red alert: Ethereum fell back to 101 dollars before further decline
Source:
Our previous fully confirmed — not able to roll above the nearest resistance and continues to fall. In the current environment of the stock market to count on a quick trend change is pointless, so try not to succumb to the temptation to stand in long.
The Overall situation looks like this:
the-
the
- , the cryptocurrency fell below «next bottom» in the area of $ 120; the
- on 4-hour chart has formed another descending trend with resistance near $ 115; the
- if the sellers do not slow down your pace, the price of ETH will fall below $ 100. Recall the last time she was here in may 2017.
At the moment Ethereum is trading just above a hundred dollars. In the past 24 hours, the cryptocurrency fell by 9 percent. The capitalization is $ 11.5 billion in the auction of 2.28 billion.
theTechnical analysis
The Previous couple of days were very fruitful for those who play for a fall Aldona. The price of Air managed to decline almost 20 percent in just one day. The fall was accompanied by high trading volumes, indicating the absence of a sane number of bulls in the market.
To scale the 4-hour chart the asset is significantly below the 100 SMA, so count on growth even in the short term is not worth it.
Ethereum yet should follow Bitcoin into the abyss. The coin is now with every hour updating its annual minimum, while the fall is still no end in sight. In the most optimistic scenario, we must now jump from $ 100 and roll back at least $ 120. However, this level is unlikely to slip on large trading volumes.
image Source — NewsBTC
Talking About technical indicators? MACD was in bearish zone, but the RSI indicates a strong oversold of the asset scale, the 4-hour chart that indicates a high probability of rollback.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
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
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...
Related News
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
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...
CRYPTOMACH / Bitcoin for 1000, top 5 richest cryptocell, message from Satoshi and Antminer in bulk
Winter is on the doorstep. Despite last year's trends, right now Bitcoin is in no hurry to repeat the rise to 20 thousand dollars. Moreover, today is the first cryptocurrency sold for 3,800 USD, which is ridiculously low. Parse ev...
Bitcoin below $ 3800. For the first time since September 2017
Yesterday, the Bitcoin managed to update the annual minimum. At this time, the cryptocurrency fell below 3800 dollars. It is even less than in September 2017. 1-weekly chart of the asset, the picture looks absolutely awful, most l...
As the first cryptocurrency will bring back a healthy capitalism? The answer of the economist
Professor and Bitcoin economist from Lebanon doctor talked to Express on the subject of cryptocurrencies. According to him, Bitcoin could reproduce the economic system like the gold standard in its most positive manifestations. He...
CEO Ambrosus: capitalization of the stock market will reach 20 trillion dollars
In 2017, Bitcoin and cryptocurrencies in General most often compared with the dot-com bubble. In 2018, this comparison became even more popular, as many opponents of the crypts in one voice insists that the Bitcoin bubble supposed...
Terrible weekend: the end of the week for the stock market? Response graphs
Chart of Litecoin gradually draws a new bottom, and the coin was confident a new line below $ 30. Other altcoins also continue to decline. The bulls, however, there is still hope for a small respite — the market is heavily oversol...
The trader's prediction: Bitcoin will fall by 30 per cent and will focus on the 3 thousand
the Head of Genesis and Genesis Trading Capital Trading again appeared on CNBC in the transmission «Squawk on the Street». He believes that we have groped a bottom of Bitcoin is only somewhere around 3 thousand. The assu...
In the Ledger resumed support after Cash Bitcoin hard forks coins
nearly a week after hard forks Cash hardware wallet Ledger resumed support for the cryptocurrency. Earlier, the developers of the Ledger to suspend transactions BCH due to concerns about the division of the blockchain coins on two...
The whole truth about the fork: Ethereum Ethereum is better than Classic?
If you look closely at the list of available cryptocurrencies, it is easy to see that there are two versions: just Ethereum (ETH) and Ethereum Classic (ETC). Two of these cryptocurrencies not only have one name, but have an intere...
White flag: SV team Bitcoin conceded defeat in the "war of Harrachov"
Hardwork Bitcoin in August of 2017 has created a lot of conflicts in cryptocommunist. Emerged into the light Bitcoin Cash some called useless Aldona, others «real Bitcoin». However, the division circuit the Bitcoin Cash ...
Google Trends: the number of queries about Bitcoin reached a six-month high
Due to the sudden collapse of Bitcoin prices, the number of queries in Google on the topic struck a semi-annual maximum. The latest data from Google Trends shows a spike of interest in the topic of cryptocurrency after Bitcoin pri...
Learn to analyse the ICO. Five main points
This boom projects as at the end of 2017, we will never see. This is hardly bad, as a matter of fact the market gradually weeds out initially communicating or fraudulent projects. Survive only truly effective ICO is able to offer ...
Dr. Doom: digital currency from the Central banks will destroy the crypt
In one of his last posts said that the issue of digital currencies by Central banks could potentially destroy cryptocurrencies like Bitcoin. It seems the age-old American cryptomatic constantly increasing their hatred of the niche...
loss of « hasraton» teams between the forks of the Cash had reached $ 11.8 million. Claimed analysts of the research Department of the exchange BitMEX. The outcome of the confrontation is near — now Bitcoin ABC occupies ...
Not waiting: the court fined the prosecution for blocking website about cryptocurrency
In 2016, the website of Nicholas Tonkoshkura was without warning locked at the request of prosecutors. Though not so soon, but justice has been done. This week the court of St. Petersburg at the Oktyabrsky district Prosecutor's of...
Analyze graphs: Ripple again goes to look for a new bottom
Despite the relatively good results in comparison with the rest of the stock market, the Ripple was not able to gain enough momentum in order to retain their positions in the price. The cryptocurrency fell below 0.43 per dollar, f...
How much will the Bitcoin to the end of 2019? Response COO BitPay
Chief commercial officer international cryptoprocessor gateway Sonny Singh gave a short interview to Bloomberg. He ventured to suggest that Bitcoin by the end of next year will rise to 15-20 thousand dollars. In the midst of a bea...
Second floor: Ethereum could fall even lower by the end of the week
Ethereum once again faced with strong selling pressure, the asset even for a time fell below support zone of $ 120. We will remind, earlier we already wrote that the best trading strategy for the stock market these days will be sh...
Give a pound Antminer: in China, sell ASIC miners in bulk
the Chinese miners to massively get rid of their «picks», they sell equipment for mining literally by weight. Cointelegraph reported, citing local news outlet 8BTC. The reason for the sale you know yourself — the rapid d...
Comments (0)
This article has no comment, be the first!