The results of the week: Ethereum creates a platform for growth
Source:
The Bidding begins to slow to accelerate and trading volumes grow, and the traders are waiting for a new jump of the asset. Soon another cryptocurrency may be a little roll down, but while each local failure on the chart the bulls are buying.
The Overall situation looks like this:
the-
the
- Ethereum is still in the local uptrend that could soon raise the price of the cryptocurrency is above $ 180; the
- on 4-hour chart is completely formed uptrend line from the nearest point of support near the $ 148;
Soon the trade a pair of ETH/USD could continue move up to test resistance at $ 170.
At the moment Ethereum is trading at 156$. For the past day coin rose by 2.3 per cent.
theTechnical analysis
Last week was rich in positive events for players in the long. The Ethereum have overcome important level in the area of $ 120 and started to quickly climb up. A few days later, the cryptocurrency has crossed the line of $ 140 and fixed above the moving average SMA 100 on a scale of 4-hour chart. Attempt to gain a foothold above $ 160 was unsuccessful, and the Ethereum slowly rolled down.
During a rollback the bears even managed to lower the asset is below the support zone 154 and $ 0.236 Fibonacci level, laid on a wave of growth from 128 to 162 dollars. Fortunately, the air is again bounced from support at line 142 dollars, which reduced the likelihood of strong plum cryptocurrency.
Source: NewsBTC
Currently of great interest to traders are levels 150 and $ 145. Last night the Ethereum passed right them. If the specified area will occur in a strong bullish rebound, we recommend you immediately open a long position with a stop loss just below $ 140. Otherwise, the asset would be safer to short sell.
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...
ConsenSys will cooperate with AMD for the development of blockchain-industry
Despite the significant decline of the stock market over the past year, the blockchain startups continue on his own shoulders to pull the industry out of recession. Reports indicate that a key member of the emerging ecosystem Cons...
The end of the week. Bitcoin is moving without a clear trend, what's next?
again near major support level. Judging by the 4-hour chart of cryptocurrency, the fate of its growth in the medium term will be resolved next week. The asset has formed a symmetrical triangle on small time frames, which suggests...
Weiss Ratings: Bitcoin will put a new record price this year
it's Time to start making a calendar of price forecasts for the year 2019. I wonder how many of them will be in the next 12 months? Recall that in 2018, many analysts do some pretty bold predictions about the future of cryptocurre...
the Holidays are coming to an end. The salad plates already empty, the tree is actively flaking, and the champagne has long been on the bottom. It's time to sum up the results Christmas week. Remember the experts ' recommendations...
ICORating have identified the most safe cryptocurrency exchanges. What are they?
ICORating has released an updated rating safe exchanges, which included more than 100 popular platforms. The evaluation was conducted in four categories: security users, security domains, and registrars, web security and protectio...
The power of the crowd: analysts have found a relationship between trading Ripple XRP and tweets
the Community Ripple is certainly the most active throughout cryptosphere. According to analysts, The Tie between the overall sentiment and trading volume of coins, there is even a correlation. and lose in this matter XRP, as thei...
Purchase: exchanges Huobi and OKEx support the upcoming hardwork Ethereum Constantinople
Leading cryptocurrency exchange Huobi OKEx and Global announced that it will support a network refresh of Constantinople, scheduled between 14 and 18 January. Recall that Constantinople is hardwork, which will radically change the...
The crypt needs to be regulated, or a New advertising campaign exchange Gemini
In a new ad campaign cryptocurrency exchange, Gemini, which in 2014, was founded by the Winklevoss twins, calls for better regulation of Cryptoprotected. The posters on taxi and in the new York subway with the slogan «the Cry...
BitMEX CEO: Bitcoin is still just an experiment, but he clearly has a future
is not the first step to digital money. It was up to him and DigiCash in 1990, and then the electronic version of the gold E-gold and, of course, Liberty Reserve, which allowed to convert us dollars and euros in electronic money....
Cheaper no fee for the transfer of bitcoins dropped to the lowest level in the last three years
a Couple of months ago about this could only dream of, but now the transaction fees of Bitcoin fell to a minimum over the last three years. Cryptocurrency holds above $ 3,000, while every day around it accumulates more and more po...
Anonymous inventor made it to the ranking of the most influential figures in the global financial system. Now Satoshi Nakamoto affects the world even more than mark Zuckerberg, Kristalina Georgieva, or Paul Krugman. The portal Wor...
Legendary American investor wants to invest in Bitcoin. What is the reason?
a well-Known investor Gary Shilling believes Bitcoin «black box», and prefers to stay away from cryptocurrencies. In an interview with Business Insider, a financial analyst noted that digital assets too «murky and c...
ETF on Bitcoin divorce from wall street? A fresh look from the managing partner NobleBridge Wealth
Tyrone V. Ross, Jr. is the managing partner in NobleBridge Wealth & Asset Management Services. In an interview with Naomi Brockwell he told about the ETF , which is still pending approval. The expert noted that to hold coins ...
Analyst: Bitcoin will find its bottom in the range from 1800 to 2400 dollars
recently, the famous cryptanthus Tony Weiss took part in another public debate. This time the discussion was attended by the cryptanalyst and the economist Murad Makhmudov. The experts discussed the current state of the market and...
Bitcoin investors remained bullish sentiment. What is the explanation?
According to DailyFX, four of the five Bitcoin investors maintain long positions on the main digital asset . These results directly contradict the falling price of Bitcoin over the past few months. At the moment from November of 2...
Savings: after the transition to PoS network Ethereum will consume a hundred times less resources
will switch to Proof-of-Stake in the future. Update cryptocurrencies will reduce the energy consumption of the miners about 99%, a hundred times. Recall, many opponents of kriptonyte often cited as the main drawback of digital as...
BitTorrent launches native token based on TRON. Waiting for growth?
peer-to-Peer torrent client BitTorrent has launched its own BTT token-based Protocol . As stated in a press release on Cointelegraph, users can share a token to increase the speed of the network, and faster file downloads. This is...
Share in herate Bitmain Bitcoin dropped to 25 percent. Industry will face a major reshuffle
According BTC.com the Chinese giant kriptomayning Bitmain has lost a significant portion of its herata on the background of depressive cryptogamy. Now the share of computing capacity in the shared network is only 24.8 percent. Alt...
Comments (0)
This article has no comment, be the first!