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AnalysisWhen looking at the chart below, we can see that Ethereum (ETH)trade is currently trading at $166.67. The ETH price has recently broken the support of $171.25 turning it into resistance with the next support level at $160.75.The second-largest cryptocurrency’s price has fallen 26% which clearly indicates a negative momentum.
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Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD tech analysis.Launch of the BTC futures postponed again.The BTC price dropped to zero due to a technical problem.On W1 of the Bitcoin we can see a prolongued correction. The pattern still looks like a Triangle but is promising to turn into
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AnalysisLitecoin (LTC)trade is currently trading at $71.12. The digital coin is facing resistance at $72.09 and support at $69. LTC price is expected is to trade between the channel and long position should not be taken at this price.It is suggested to wait until the price reaches the support, or
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The Fear and Greed Index suggests that crypto investors are feaful. In addition, a top analyst believes bitcoin has more downside risk before skyrocketing. | Source: Shutterstock Over the last few weeks, bitcoin has been struggling to stay above $10,000. The bullish steam that pushed the dominant crypto to $13,880 is
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AnalysisEthereum (ETH)trade is currently trading at $172.50. As you can see in the graph below, the ETH price is trading between the channels. The next resistance level is at $182 and support level is at $170.Long positions can be taken around the first support level, keeping the it as a
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Bitcoin(BTC)trade is currently is trading at $10,423. Looking at the chart we see that the price has recently broken the resistance of $10,323. Long position can be taken, keeping $10,323 as support with a target price at $10,700. Swing trading can be done between the channels formed by the resistance
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EOS (EOS)trade is currently trading at $0.28194. Although the cryptocurrency’s price is in a uptrend, when considering the past price’s key points, it can be seen it is currently trading around its resistance. The resistance is also marked by formation of shooting star pattern.The resistance is at $0.2853 and support
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Ripple (XRP)trade is currently trading at $0.2840. Recently, the digital coin’s price has broken the resistance of $0.28, turning it into support. The next resistance levl is at $0.2921. The XRP price might start moving between the channels and the above levels can be used for swing trading.Dow TheoryAccording to
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