The Ethereum fell below $ 130. What's next?
Source:
Price continues to trade in a fairly narrow limits until the previous discharge. Looking at the chart, every day that the cryptocurrency below the level of 154 dollars, had a negative impact on its prospects for growth. Now we can assess the situation and try to find the nearest point of the bounce for the coins after the fall.
The Overall situation looks like this:
the-
the
- until recently, the Ethereum traded above 146 dollars; the
- for the 1-hour chart formed two local downtrend line with resistance in the zone 152 and 154 USD; the
- coin did not survive the selling pressure and fell below $ 140.
This morning Ethereum is trading at $ 129. For the past day, the cryptocurrency fell by 8 percent.
theTechnical analysis
As you can see in the 1-hour chart formed before the fall of the asset, the fate of Ethereum was predetermined. After forming the support line in the area is 146 dollars cryptocurrency fell back a little higher and tried to gain a foothold in the area is 155 dollars. Unfortunately, the testing of the resistance was unsuccessful, and the Ether rapidly rolled down.
Another serious obstacle to growth was made by the moving average line is the 100 SMA. Now the asset is far below it, which is a clear sign of retracement.
Source: NewsBTC
As the previous major support at 146 dollars were pierced with large trading volumes, the drain can be tightened up to $ 120. If in this area the bears manage to push price down, will have to wait for the fall up to $ 100. This line now serves a new psychologically important support.
The Readings of technical indicators suggest further decline in the price of Ethereum. The MACD line (on H1 chart) is trending sideways in bearish zone. Also the RSI does not give clear trend slightly below the average. Follow the course of cryptocurrencies in our recommend . There is everything you need.
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...
In Bitmain has appointed a new CEO. Farm in Texas is delayed
a Protracted bear market in 2018 has crippled mining companies, since mining on certain types of equipment ceased to be profitable. Falling prices and Hasrat reduced the complexity of mining. However, it was not enough to dissuade...
Red October, which led to a sharp drop in Ethereum and Bitcoin Cash?
Over the last 4 hours of the capitalization of the stock market lost about $ 9 billion, and has fallen by at least 15 percent per day. The price for this too collapsed down to $ 3670. What is the reason for such a collapse? While ...
Tron increased by 53 percent in just five days. What is the reason?
Among the top 10 altcoins of our so far only shows the most impressive results. Despite not the best condition of the market, the cryptocurrency has been growing for several days, adding to its value by 53 percent. Today, the coin...
How to calculate the profitability of mining. Top 7 best cryptocurrency calculators
the miners usually two questions: "how to live to the end of the month" and "which coin to start digging to later the year to buy a car". To solve the first problem, recommend a program about survival Beara Grylls. At the same tim...
Bad story for Dash: one wallet owns 51 percent of Hasrat
Today, one of the interested users of Reddit have raised the alarm. He noticed that although the overall Hasrat of a network of anonymous coins is 1.9 thousands of terresa, more than a thousand of them in the company . As reported...
pioneer Cryptoprotected Nick Szabo does not exclude that Central banks will begin to seek support for the cryptocurrency reserves in. Clogs – a seasoned cryptographer, in 1998 developed focused on the privacy of digital currencies...
Bitcoin can cost either a lot or a zero. Opinion of financial Manager bill Miller
Miller is the Founder of Value Partners from Baltimore, bill Miller spoke with CNBC. He said that he likes that is not correlated with the stock market. However, the coin can either fly to the heavens or fall to zero. While Miller...
As reported by CCN, 13 new financial institutions began to use the blockchain with RippleNet. This brought the total number of customers the company has officially exceeded two hundred. FINTECH-applications and Euro banks like Exi...
Who would doubt: Bitcoin — the decentralized cryptocurrency
really is the most decentralized cryptocurrency in the top 10 of our . Experts of analytical company LongHash recently compared the activity of mining pools in Bitcoin, and . As it turned out, most of Hasrat main cryptocurrency i...
What is useful to a hacker attack on cryptocurrencies? The answer of the founder of Litecoin
As we have seen, for example , hacker attacks are a very serious problem for all cryptocurrencies. But Creator Charlie Lee, on the contrary, considers them a good advantage. He recently said that a good cryptoprocta, by definition...
CEO cryptostroma: "a Gut feeling Bitcoin will fall to 3 thousand dollars"
CEO of blockchain startup Winnie Lingam recently talked with Cointelegraph, the programme of the weekly Hodler’s Digest. A longtime entrepreneur nascent kriptonyte and «shark» South African Shark Tank said he is wa...
Why does Ethereum need ASIC mining? The developer's reply
an Independent developer Alexey Ahunov has recently published a very bold statement on the Ethereum forum Magicians. According to him, programmers will be glad of the gradual integration of ASIC mining in the economic model of cry...
In Norway, the kidnapped wife of a rich man. Criminals require 9 million euros in Monero
In Norway was wrong. According to local police, 68-year-old millionaire's wife Anna Elizabeth Falkevik had been missing since October 31. Her husband, Tom Hagen takes 172 place in the list of the richest people in the country. On ...
What ended hardwork Bitcoin Private? 5 main points
In the official account of the team of cryptocurrency on Medium there was a report about the conduct of hard forks. Earlier, the developers had decided to destroy all stocks of coins BTCP on the protected addresses, because with t...
62 billion dollars in bitcoins focused on one percent of the purses. How did this happen?
Fresh study addresses shows that 1 percent of the addresses in the network accounts for about 62 billion dollars. Thus, according to the state publication China's National Business Daily, the richest addresses belong to cryptomeri...
This is the statement: Charlie Lee called Bitcoin maximalists extremists
Founder Charlie Lee has provoked a strong debate in the community. Enthusiast writing on Twitter that «some self-proclaimed Bitcoin maximalists actually be called Bitcoin extremists». He argues that many of them believe ...
SWIFT and Ripple has denied rumors of a collaboration. Between companies brewing war
Many participants in the community and in particular the fans for several months and discussed a possible partnership between and SWIFT. If you consider all that representatives of the company wrote in press releases and social me...
Cliptomania: founder of the investment Fund sells Lamborghini to buy Bitcoin
whether to abandon the expensive acquisitions for investment in cryptocurrency? Founder of Morgan Creek Capital Management Jason Williams decided to sell his Lamborghini to use the money to buy more . Williams also accepts BTC as ...
Comments (0)
This article has no comment, be the first!