Tag: analysis

ETH Stopped Falling

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex By Friday, February 28th, the emotional selling of the ETH has stopped, and the digital currency has got a chance for stabilization. It is generally trading around $227.23. On H4, the quotations have broken the Triangle downwards by a strong impulse and reached 38.2% Fibo. In the short term, there is a pullback going on. Current situation may be interpreted as an attempt …
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XRP Keeps Correcting

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, February 25th, the XRP continues its correctional decline, trading at $0.2681. On D1, the wave of growth, having reached 50.0% Fibo, has changed to a decline. Currently, we may say that the quotations are coming back to test the broken long-term resistance line from above. The aim of the decline is the area around $0.2525. Also, we must account for the …
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ETH Stabilizing After Correction

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex By Friday, February 21st, emotional sales in the ETH have stopped. The digital currency is stabilizing around $260.75. On H4, the Ethereum demonstrates the development of a correctional phase shaped as a Triangle. The Triangle is forming around 61.8% Fibo in relation to the previous downtrend. Judging by the descending dynamics of the MACD, the market is preparing for a decline in the …
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XRP Price Analysis for February, 18th – XRP Falling Sped Down

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex By Tuesday, February 18th, the XRP rate has stabilized after a series of declining. The cryptocurrency is generally trading at $0.2915. On H4, the quotations remain in the ascending channel. They have tested the support level of the channel, hinting on an attempt to form another impulse of growth to the mid-term target level 61.8% ($0.3795) Fibo. However, it should be noted that …
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