Tag: ethereum analysis

Ethereum Price Analysis for May, 19th – ETH Looks Very Promising

By Dmitriy Gurkovskiy, author at RoboForex Blog On Tuesday, May 19th, the ETH rate is correcting slightly after steady growth. The cryptocurrency is generally trading at 214.17 USD. On D1, the pair keeps developing an uptrend. Currently, it is testing 61.8% Fibo again. If it breaks the level away, we may speak about further growth inside the ascending channel. The potential aim of the growth is still at 240.00 USD. The …
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Ethereum Technical Analysis 04/16/2016 – Potential Reversal Pattern

Ethereum bullish potential reversal pattern. A few weeks ago we spotted a potential Head and Shoulders pattern on this pair, which although didn’t play out exactly as it should have started the downtrend in this pair. That Head and Shoulders pattern failed in its symmetry class hence the sporadic follow through. Fast forward a bit and we have found an inverted Head and Shoulders pattern and this again has failed …
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Ethereum Technical Analysis for 04/09/16 – Head and Shoulders

Last week we identified a possible Head and Shoulder Pattern on Ethereum, which is a bearish pattern. You can revisit that post here. Since then the lack of volatility across all cryptocurrencies put me to sleep and I haven’t had much to write about. So now with a little volatily in Ethereum we can revisit price action. See below updated chart. That is either the ugliest head and shoulder pattern …
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Ethereum Technical Analysis for 3/21/16 – Elliot Waves vs Divergence

After rebounding off of the 0.021 level for the second time this month, the ETH/BTC pair is making a steady climb to the 0.025 level.  In our previous Ethereum technical analysis, we discussed how the price would have to break the 0.025 pivot in order to be able to see a rally anywhere near the big pivot at 0.029. Currently, ETH is trading at 0.026, meaning that the market has broken …
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