The results of the week: Ethereum has faced the last obstacle to growth
Source:
Price has been experiencing some difficulties with the breakthrough of the nearest resistance levels at the area 128 to 130 dollars. In the near future the bitcoin may rise to these lines, which will decide the fate of its prospects for growth next week.
The Overall situation looks like this:
the-
the
- on a scale of 4-hour chart formed some serious resistance lines in the area of $ 128; the
- asset konsolidiruyutsya directly under the line of the local bearish trend with the nearest resistance at $ 125; the
- to confirm the growth to $ 150 cryptocurrency needs to gain a foothold above $ 130.
Tonight Ethereum is trading at $ 120. For the past day bitcoin sank nearly 4 percent.
theTechnical analysis
This week trading Ethereum has not been too active. The only memorable event was the attempt of the buyers to break above resistance near $ 130. Unfortunately, the line test failed, and ETH again fell back to previous levels of support in the area of 118-120 dollars.
Now, the cryptocurrency is in a consolidation phase near the local momentum moving average and 100 SMA. From the negative signs it is worth mentioning the unsuccessful attempt of bulls to break above the Fibonacci level of 0.618 laid on a wave of growth from 113 to 133 dollars.
Source: Included
So, traders should focus on the area of $ 130. It is the main and immediate resistance level. Even higher before Ethereum, there is almost no obstacles, so the local break of the bearish trend will be the beginning of a sharp rise until at least $ 145. Follow the cryptocurrency on small timeframes from 5 to 15 minutes and at the first sign of growth open long with a stop just below $ 125.
Technical indicators confirm this trading strategy — MACD is moving confidently towards the bullish zone, and the RSI shows a lot of growth potential.
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...
What's missing Bitcoin for growth? Expert opinion
the head of the Board of Directors of CBOE Edward Tilly made a very Frank statement regarding the cryptocurrency market. In his interview to the journalists of Business Insider Finance called the main obstacle that prevents a shar...
The demand for mining collapsed. The supplier of chips for Bitmain reported last year
the chip Manufacturer TSMC is the main supplier of equipment mining-giant Bitmain – spoke about a significant decline in demand for mining-chips in 2018. During a recent telephone call with investors, CEO C. C. Wei said that befor...
The cryptanalyst Brian Kelly: ETF for Bitcoin in 2019 will not fire
Kryptoperidinium and one of the key figures CNBC Brian Kelly said that the chances for approval in 2019 just yet. Such a statement Kelly made during an interview to Cointelegraph at the conference Crypto Finance in Switzerland. Th...
January sets an incredible pace for the cryptocurrency market. For example, last week a successful 51 percent attack on Ethereum Classic and the announcement of Nvidia card RTX 2060. Beat is possible with very great effort, but th...
The popularity of Bitcoin in 2018 on the darknet has doubled. What is the reason?
As shown by a fresh study of the audit cryptoform Chainalysis, the use of BTC on darknet markets have doubled over the 2018. Now the figure is equivalent to $ 2 million a day. because of its relative anonymity has long been used f...
Thanks Ripple payments will be as simple as e-mail. The Opinion Of Ross D'arcy
the Company is quite clearly outlined its ambitions to revolutionize the payment industry using blockchain. The user wants to do this despite the fact that in a niche dominated by the traditional payment instruments. Director of s...
Professor of the seven best universities of the USA will cooperate to create a new cryptocurrency, which should surpass Bitcoin. Project name — Unit-e, he is the first practical implementation of the organization's Distributed Tec...
Roger Ver: Bitcoin Cash in 2019 will be what has to be Bitcoin
the Director-General .com and an avid supporter Roger Ver once again stirred up cryptologist, angering investors BTC. Ver has long been trying to convince everyone that hardwork BCH – what is supposed to be the first cryptocurrenc...
Unfair trading: why cryptocurrency Grin slipped by 98 percent?
New private cryptocurrency Grin surrounded himself with not the best news since the first days of its creation. The project is a second practical implementation of the new blockchain MimbleWimble. Co-founder of Primitive Ventures ...
Justin San: we want to make the Tron the most popular brand in the world
January was especially successful for Aldon had almost two times and take the ninth place in our cryptocurrency. Today, the coin is trading at 0.025 dollar, and its market capitalization has reached 1.66 billion. Tron CEO Justin S...
The sad result: why Bitcoin Cash — a failed project?
From the day of its establishment, it has been almost 17 months — enough time to begin to summarize «success» to fork. The BCH team is positioning the project as something more than the usual altcon. But is it really? Ba...
The bankers of St. Louis believe that Bitcoin will not fall to zero. Why?
the Federal reserve Bank of St. Louis published a study on the long-term prospects of the course . It examines how bearish and bullish scenarios «moon» or «oblivion». It is surprising that the forecast balances...
Going for the record of Bitcoin has increased the number of nod
Network gradually «comes» after December Hasrat. The total number of the node of bitcoin has grown to 65 thousand pieces, with a sixth of this is two-way communication. According to the service Earn.com his growth Bitcoi...
Bitcoin may start to decline at any moment due to lateral movements of the markets. The analyst
after Completing a relatively volatile week, kryptering moved to lateral movement. yet enough is held steadily in the area of 3650 dollars, but most altcoins show a sideways trend. It is important to note that the strong level of ...
The moon is close to halving Bitcoin produced 66 percent of the units
it Seems permanently stuck at the level of the current market price. The main cryptocurrency is already a relatively long time trading below $ 4,000 and can not overcome the nearest resistance line. But things are not that bad — q...
Constantinople has been postponed again. When will hardwork Ethereum?
Attempts hardwork Constantinople was at least two, but both times something went wrong. According to reports, just before the upgrade of the network kernel code added untested fragment, which later found the vulnerability. The ker...
About the bug Constantinople was known in advance. The unexpected statement of the expert
on Wednesday, hardwork Ethereum Constantinople officially for an indefinite period. The reason was the critical vulnerability found by a specialists ChainSecurity. According to experts in the field of security of cryptocurrency Se...
The cryptanalyst: Bitcoin can grow to $ 5,000 in the near future
the Situation in trading BTC/USD this week was remembered relatively low volatility and chaotic movements of the exchange rate in the range from 3550 to 3750 dollars. Chief analyst, eToro's Mati Greenspan believes that such behavi...
Comments (0)
This article has no comment, be the first!