The opening of the week: is it worth the long trades Ethereum right now?
Source:
The Price of Ethereum moved into the consolidation phase after the recent rise to $ 220. We will remind, on the eve of the cryptocurrency managed to break through some major resistance levels, but it failed to gain a foothold above $ 220. However, the hope is still there. The Ethereum can grow in the medium term, if in the near future will not fall below $ 206.
The Overall situation looks like this:
the-
the
- asset went through a correction after the growth up to 222 USD; the
- on 4-hour chart formed an uptrend with support in the area of 208 USD; the
- the coin is unlikely to fall below $ 206 in the coming days.
At the moment Ethereum is trading around $ 211. In the past 24 hours the cost Aldona virtually unchanged. Market capitalization is at a level 21,79 billion dollars, while daily trading volume was in excess of 1.49 billion.
theTechnical analysis
Last week, the buyers suddenly had control of the situation on the market and pushed the price above the resistance at $ 210. As a result, the Ethereum even for some time was above $ 220, now cryptocurrency settled above the 100 SMA (on a scale of 4-hour chart). In the same area is the line of the upward trend.
At the moment the asset konsolidiruyutsya in a narrow horizontal channel. During his fall to a local minimum on the line 206 $ Ethereum has broken Fibonacci level of 0.23. A little later, the bulls failed to get above 214 dollars.
image Source — NewsBTC
Now, traders should monitor the 100 moving average SMA. Its intersection will be the signal for opening short positions. At the moment it is possible long trades with a stop loss just below $ 206. Technical indicators, unfortunately, do not give a clear picture of the situation. MACD almost bullish zone, while the RSI is located on the middle level.
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
BAT fell to 28 percent. What is Coinbase?
on November 8 for a 48-hour period Basic Attention Token (BAT) fell by 28 percent after the listing on Coinbase. A sharp drop althena began on Friday, the chart of the asset has formed a clear downward trend, which still remains i...
Typical China: the principal was fired for illegal mining
the BBC reported on the dismissal of the Director of the Chinese middle schools in Hunan province. Lei Hua in the period from 2017 to 2018 installed in the school by eight stands for mining. This was told by the staff of the insti...
Sunday Evening is the best time to summarize the week. Remember the last loud new products from Bitmain, the forecasts for the exchange rate of Bitcoin and adventure mountain-millionaire from California. Also militiamen found the ...
co-Founder and CEO of Binance in an interview with CNBC talked about the growth of BTC, ETH and other cryptocurrencies that users store on Binance. In addition, he shared his thoughts on the possible price catalysts. According to ...
Analyze graphs: Ripple will grow, if Bitcoin will stay above $ 6000
Over the last couple of weeks two of the most discussed coin in cryptosuite steel Bitcoin and . And if from the main cryptocurrency depends on the position of almost all altcoins, because of the Ripple arguing for a different reas...
Why Bakkt, Fidelity and ETFs Bitcoin will harm the cryptocurrency? EA
In a recent publication Diar founder of the cryptocurrency Dogecoin has condemned the current changes in kriptonyte. In particular, he spoke about the launch of the custodian of the platform Bakkt and approval . The opinion he arg...
Jameson Lopp: moving on Ethereum Proof-of-Stake would be difficult
Cryptomnesia Jameson Lopp recently expressed his opinion about a discussion between acne Butterini and Vlad Zamfira. We will remind, recently in the community, Ethereum not cease talking about Casper and the transition to the algo...
In best wallet added 10 new cryptocurrency. Waiting for growth?
Satoshi Labs work tirelessly company has announced two new updates for both models of their wallets (the Model T and best wallet best wallet One). Recall that recently the developers of the project gave the opportunity to kryptoni...
Shapeshift CEO: Ethereum is good because it develops acne Buterin
ShapeShift CEO Erik Voorhees appreciates the contribution Balerina in the Ethereum ecosystem. In his opinion, the main Creator of the platform are unlikely to continue to exist in its current form. In an interview with CNBC, Voorh...
Who could be Satoshi Nakamoto? Version early Bitcoin enthusiast
Jeff garzik's spinning in Cryptoprotected since 2010, that's when he read about Bitcoin in some blog. Writing a bit of code to the kernel crypto-currencies, he soon became the third largest investor in Bitcoin after Satoshi Nakamo...
New deadline: hardwork Constantinople will hold in January
During the meeting the key developers of the Ethereum came to an agreement on the future date of implementing hard forks Constantinople in mandate cryptocurrencies. So, prepare a calendar prior date of starting the upgrade schedul...
CEO Revolut: institutional investors are not interested in cryptocurrencies
CEO of a startup digital banking Nicholas storonskiy during a speech at the Web Summit in 2018 in Lisbon said that large institutional investors are not yet ready to enter the market of cryptocurrencies. According to reports of Bl...
Bitcoin will prove its potential in the coming months or "shut up". Review economist
In a recent post, Bloomberg Professor of Economics at the George Mason University Tyler Cowen believes the bubble of the «useful» in the history of the stock market. He compared the current position of the digital asset ...
Where to take money: Weiss Ratings decided on the best Althingi
the Financial ratings Agency Weiss Ratings recently issued update§nny rating of 111 cryptocurrency of three thousand is considered tokens. Only four coins have been assessed as the best opportunities for investment. According to t...
Bitmain suddenly released 90 thousand ASIC miners Antminer S9. What's the rush?
Directly in front of hardforum Cash Bitcoin Bitmain hastily produced about 90 thousand Asimov for the supply of equipment to the Chinese region of Xinjiang. According to local news outlets DeepChain, the Chinese company is going t...
Carbon Bank and Bright Code: new tools VeChain
In the middle of this week, DNV GL, the largest classification and certification society with sales of over 2.5 billion euros per year, announced the creation of two separate ecosystems: a Carbon Bank and Bright Code. It happened ...
Tim Draper: Bitcoin will surely grow up to 250 thousand dollars by 2022
Billionaire and well-known captainvalor Tim Draper still adheres to his famous prediction regarding the price of Bitcoin. We will remind, Earlier Draper suggested that the main cryptocurrency will rise to $ 250,000 by the end of 2...
Get home eToro analyst said about the "new year surprise" for all captainvalor
What will be the end of 2018 Bitcoin? While the bears still have control of the market, but many traders and analysts are already talking about the imminent change of trend of the main cryptocurrency. Expert Bloomberg vildana of H...
(0)