Ethereum Technical Analysis for 04/11/2016 – Returning Volatility

Volatility is returning to Ethereum pairs and thus we take a look at ETH/BTC.

ETH/BTC

I stated before that my fundamental bias would be bullish towards this pair, however that isn’t what the fundamentals suggest as make lower highs and lower lows. This generally suggests that the bears are in control. We can see a possible channel pattern developing for this pair as well. My experience suggests that the top trendline can ignore the spike all time highs, which I’ve done for now. If we can’t get a significant bounce in this pair the upper trendline may be much more slanted from the all time highs. See below’s alteration:

It is unclear which trendline will be more significant right now so we will have to wait a bit for price action. In the mean time I will pat myself on the back for my awesome analysis of ETHUSD.

Related Post

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

Disclaimer: This is not trading or investment advice.

 

Matthew22

Share
Published by
Matthew22

Recent Posts

Top Secrets to Identifying the Best Crypto to Buy This Week Before It’s Too Late!

In a world where the digital economy is growing at lightning speed, the race to…

3 hours ago

NYC Entrepreneur Wins Big with BTC: BlockDAG Could Be Next

Mia Sanders, NYC Entrepreneur, Made Millions by Investing in BTC: Could BlockDAG Be Next for…

21 hours ago

Miami Artist Earns $5.2M with Solana: BlockDAG’s Future Prospects?

A Miami Artist's $5.2M Solana Success: Does BlockDAG Hold Equal Promises for 30,000x ROI? Success…

1 day ago

Chainlink And Aptos Investors Migrate To The Presale Of New Crypto Instant Funding Prop Firm FXGuys ($FXG)

Recent market trends show that the new DeFi coin, FXGuys ($FXG), has been the go-to…

1 day ago

Polkadot Price Prediction; Can XLM’s Rally Hold Strong as New Crypto Brings Passive Income? 

Curious about where the Polkadot price is headed? Or maybe you’re wondering if XLM’s rally…

1 day ago

Best Crypto Presale to Watch: Could This Be the Next 9000% Breakout Star?

Any investor can achieve outstanding profit by selecting the best crypto presale in the growing…

1 day ago