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the crossing of the stochastic plus its high enough level indicates that the correction has not finished.
the second reason for our bearish signal is the proximity of resistance to $ 230
All cryptocurrencies are under pressure for some time.
Target: $ 184
relatively no resistance right now until 225 range.. by the rsi will be VERY overbought on some hourly timeframes... price will problably do some consolidating for a couple of days to a week and then burst through 225 like butter.... it wont take long for eth to be pushing 363 again.... id say give it less then a month and well be over 300
COINBASE:ETHUSD hit old support, now acting as resistance. If ETH cn get by this line, 254ish gets opened up. Mid-term target lies at 622 area, longer term 2368ish. Not much time to post lately, got tons going on at home, so my apologies. I'll get back on track. Trade safely in the meantime!! Happy hunting and GLTA!!
A large volume went into ETH and XRP even on the weekend and today we saw a good movement. I see several resistance zones which are shown in yellow box
We started from a strong support level and we will see how the future situation will be
The decision to trade this or that coin is yours. I expressed my subjective opinion
Hello my friends. It's Crypto Ranger K.
As expected last time, ETH prices are falling sharply. I don't think this is great. A sharp drop is just a reverse reaction to a sharp rise. In fact, this time I was surprised that the market power to buy was stronger than I thought. If you look at the 1day chart you see now, the purple line is the 200 day line. I thought...
Ethereum got back in the Trading Range for a liquidity hunt. This whole upward movement seems like a retracement rather than an accumulation. One more stop hunt after a brief consolidation and afterwards a downtrend continuum, seems like the most possible ongoing scenario.
Please let me know if you have any suggestions...
Bitcoin has now plunged well below the 21 MA on the 1D TF ($10288) the dominance has dropped to 69% as Ethereum dominance now up to 8.7%.
The drop for Ethereum has also been mild comparatively and is still above the 21 MA. Could we be witnessing the beginning of the flippening?
Ethereum remains well-supported on Thursday as the second-largest cryptocurrency by market capitalization holds steady above the $200.00 level. The $230.00 level is the next major upside target for ETHUSD bulls if price continues to hold above major support. A sustained loss of the psychological $200.00 support level may provoke a key test of the $190.00 support...
“Smart” Ponzi schemes.
The spread of smart contracts, i.e., computer programs whose correct execution is automatically enforced without relying on a trusted authority, creates new opportunities for fraudsters. Indeed, implementing Ponzi schemes as smart contracts would have several attractive features:
The initiator of a Ponzi scheme could stay anonymous,...
Despite the spectacular growth when Ethereum rocketed from $190 to around $220 within a few days, it also faced a correction.
The leading altcoin touched the local highs at $218, however, the further rise is unlikely to happen as the MACD indicator is sharply going down. Moreover, the Fibonacci retracement shows that the next level for ETH is $199.61 (61.8%). If...