Tag: resistance

Ethereum Technical Analysis for 05/09/2016 – 0.0205 Pivot Level Continues to Influence Price

The 0.0205 pivot zone – which I outlined in Friday’s ETH article – is continuing the exert its influence on market participants. Since the big sell-off that took place on Friday, the 30-minute chart shows 0.0205 acting as resistance a total of three times. While price traded above 0.0205 today – two times to be more exact – the market is trading under this major pivot zone yet again. If …
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MAIDsafe Technical Analysis for 05/09/2016 – 0.000115 Pivot Zone Turns Into Resistance

My previous MAIDsafe article looked at some of the major pivot zones on the charts and the 0.000128 area, as well as 0.000115, were two of the main levels that were outlined. At the time, I speculated that a break under 0.000128 would most likely send price all the way down to 0.000115. On May 7th, price sold-off in a very violent manner down to 0.000105 – the previous swing …
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Bitcoin Technical Analysis for 05/09/2016 – Big Resistance at $465

The $455 price level first started acting as resistance on the 24th of April, when the market formed a double-high around $455. Since the 24th, the $455 pivot has acted as resistance a total of five times. During this weekend’s rally, price managed to close above the $455 zone. And over the past two days, the $455 area has started acting as support. Seeing as the exchange rate has managed …
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Ethereum Technical Analysis for 05/06/2016 – Big Move Imminent?

In my previous ETH article, I speculated about the technical significance of the 0.0218 area and how it might start acting as resistance. Since the 4th, the 0.0218 area has acted as resistance a total of four times, as well as support on two occasions. While yesterday’s unexpected news regarding Gemini had a positive effect on price – pushing it to 0.0226 – the market has been unable to break …
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