This price analysis was absolutely mandated after the extreme price action for Ethereum in recent days.
Thus, this price analysis will be taking a look at what’s happened to Ethereum over the past few days/weeks, and develop a forecast for future price action via technical and chart analysis.
The first thing that we must...
What appears to be an ascending wedge here. Broke underneath the wedge in lower time frames so this could be a last test before a move downward, but I am including the possibility of a breakout above the 200 MA ( strong resistance/needs volume).
Taking a look at the fib extension we can anticipate around 140% increase from the bottom of wave 2 which puts us at 1.82 usd. Considering BTC is setting up to pump higher, I can expect more upside from Zcash, despite the overbought conditions.
I know the charts look rough and the prices look like everything is tanking, but i think we are accumulating support for ETH at these levels, and as i had mentioned in my previous charts, ETHUSD is in retracing to a good buy zone around $575.
We hope to see a bounce of 23% on FIB, where i think ETHUSD will find solid support.
There are too many apps...
Within a year, Ethereum can surpass a $2500 price for a long strategy with medium to high risk. However, there are some contingencies. One of them is the possibility that EOS, one of the biggest hosted ERC20 tokens doesn't crash by then. John Oliver put it best, EOS is an application for building DAPPs hosted on an application meant for building DAPPs. The fact...
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Your friends from ProCryptoNetwork bring you their Daily BITFINEX:EOSUSD Technical Analysis , please keep in mind that this information is not a recommendation to buy or sell. It is to be used for educational purposes only. Good Luck...
Donate Ether and Ethereum-Based (ERC-20) Tokens: 0x591b5D9Ff3CcB2469dAe842058b08F286F075480
Coin of the day is Ox
Just to remind you, 0x(ZRX) is an open protocol designed to offer a decentralized exchange as part of the Ethereum blockchain (ERC20 standard). 0x is made using a protocol that involves Ethereum smart contacts that allow those around the world to run a decentralized exchange.
0x, at its core, is an open source decentralized exchange protocol,...
Coin of the day is Ox.
0x is an open protocol that is designed to offer a decentralized exchange as part of the Ethereum blockchain. 0x is made using a protocol that involves Ethereum smart contacts that allow those around the world to run a decentralized exchange.
0x, at its core, is an open source decentralized exchange protocol, so any use case that involves...
After being eradicated during the spring bear market, AirSwap is beginning to show signs of life. It is up 50% in the last week, and is posturing itself to break out with the majority of alts. Fundamentally it is showing signs of life after hints of a rebrand and logo change, as well as the strong leadership of founder/mathematician Michael Oved, who was named as...
Initial thoughts were that VEN was in a rising wedge against BTC. However, as there is no marked decrease in trading volume I feel it is more likely to be early in an ascending channel and still establishing channel boundaries for resistance and support.
Good day traders!
0x is an amazing project and I have a lot of faith in the team. They're producing a decentralized exchange, and many projects are building on it (e.g. Augur, District0x, Status).
After the upward rally yesterday we're slowly reaching the end of the ascending triangle (continuation pattern).
I have conducted 2 scenarios:
Bullish: We break...
With their Mainnet launch on the 24th of January, we could see ICX break previous ATH (which will act as a line of temporary resistance). If it breaks here w could see 13000 as the next target. This is a good all-term trade. Also rumours of Korean exchange listing towards the end of this month.
Buy now and in any dips.
BAT and his biggest and major resistance at 6.5k. It touched sevaral times and after it went down to form a long cup&handle pattern and now it touched for this time again the 6.5k resistance! I'm expecting a litlle pullback to do the handle and after go higher. If BAT breaks the major 6.5k resistance it will fly like ethereum when it broke his major ETH/BTC resistance.