CryptoGlobe Cryptos Analyses

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Ethereum Weekly Price Analysis – April 8

ETHUSD Long-term Trend – Bearish
Distribution territories: $500.00, $600.00, $700.00.
Accumulation territories: $300.00, $200.00, $100.00.

This week ETHUSD pair continues to trend southward almost the same bearish outlook as last week’s formation. On April 3rd, the price managed to form a lower high above distribution territory of $400.00, April 4th marked another noticeable bearish movement in the market. Presently, price has also moved deeply southward and has now been trading around the accumulation territory of $400.00.

Moving average 50 is far above moving average 13. The price action has been traded along the bearish path of moving average 13 consecutively with a wide space notification to moving average 50. The stochastic oscillator remains crossed into the oversold zone and also pointing southward. However, the current price trend could, in the long-term, accumulate momentum from breaking below the next accumulation territory of $300.00 and form a trading range towards another accumulation territory of $200.00. Pit stops can be experienced if that eventually cropped up. Traders can look out at that point in time to take on the bull from a reversal or a pullback which can lead to a potential markup in price in the next few weeks.

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

 

[Cryptoglobe]

Ethereum Price Analysis – April 11


ETHUSD Medium-term Trend: Bullish

Resistance: $435, $430, $425
Support: $405, $410, $415

The ETHUSD pair had a bearish outlook yesterday. The MACD line and the signal line were below the zero line. From the price action, Ethereum had a bearish view but it commenced a range bound movement. Today, price of Ethereum is in a bullish trend, trading at $417.92, as at the time of writing. From the weekly chart, price bars of Ethereum is above the 12-day EMA and 26-day moving averages indicating that the bullish trend is in force.

The MACD line and the signal line are above the zero line and a positive histogram showing us that a bullish trend has begun. Price of Ethereum will encounter its first resistance at $420. If the bulls overcome the initial hurdle at $420, I expect price to reach its previous level at $440.


ETHUSD Short-term trend:Bullish

In the daily chart, we find the bullish trend in its expanded view. You will find the bullish trend line showing support levels where traders can place their long trades. Traders are to look for buy setups along the trend line. They can exit their positions as soon as price breaks the trend line and the candlestick close on the opposite of the trend line.

On the other hand, you can exit your trade as soon as the MACD lines are below the zero line.

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

 

[Cryptoglobe]

Ethereum Price Analysis – April 11


ETHUSD Medium-term Trend: Bullish

Resistance: $435, $430, $425
Support: $405, $410, $415

The ETHUSD pair had a bearish outlook yesterday. The MACD line and the signal line were below the zero line. From the price action, Ethereum had a bearish view but it commenced a range bound movement. Today, price of Ethereum is in a bullish trend, trading at $417.92, as at the time of writing. From the weekly chart, price bars of Ethereum is above the 12-day EMA and 26-day moving averages indicating that the bullish trend is in force.

The MACD line and the signal line are above the zero line and a positive histogram showing us that a bullish trend has begun. Price of Ethereum will encounter its first resistance at $420. If the bulls overcome the initial hurdle at $420, I expect price to reach its previous level at $440.


ETHUSD Short-term trend:Bullish

In the daily chart, we find the bullish trend in its expanded view. You will find the bullish trend line showing support levels where traders can place their long trades. Traders are to look for buy setups along the trend line. They can exit their positions as soon as price breaks the trend line and the candlestick close on the opposite of the trend line.
On the other hand, you can exit your trade as soon as the MACD lines are below the zero line.

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

 

[Cryptoglobe]

Ethereum Weekly Price Analysis – April 14

ETHUSD Long-term Trend – Bearish

Distribution territories: $600.00, $700.00, $800.00.
Accumulation territories: $400.00, $300.00, $200.00.


Unlike last week, ETH/USD value this week maintained its increase on Wednesday and consolidated it on Thursday the 12th. Quite a significantly lower high has been witnessed, and the bearish outlook has yet not been convincingly outdone as far as long-term trend is concerned. At present, the price has moved northward and has been trading at around the distribution territory of $500.00.


The 50-day moving average is above the 13-day moving average as price action shows that bulls are now trying to spring back into action. Stochastic oscillators have crossed and moved above 50 range as they are now pointing northward at an area not yet too far away from the oversold zone. Investors, potentially, can witness pit stops in the current significant price hike between the distribution territory of $500.00 and $600.00. At this point, should the bulls take action and give up way back to a strong pullback, then the bears could again play back into action that can last for only a few weeks.


The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

 

[Cryptoglobe]

CryptoGlobe Cryptos Analysis

Bitcoin Weekly Price Analysis – April 21

BTCUSD Long-term Trend – Bearish

Distribution territories: $10,000.00, $11,000.00, $12,000.00.
Accumulation territories: $7,000.00, $6,000.00, $5,000.00.


Though the trend outlook in the BTCUSD long-term trend chart is still bearish. Bitcoin has been making a more appreciable rebound against the US dollar since 12th of April while producing a dramatic northward spike. There have been many higher lows than lower lows on the pair. The stochastic oscillators have now found a fresh dipping into the overbought zone.


The bullish candlestick formed on April 12, has breached past the simple moving average 13, leading the price action to hover toward the trend line of the simple moving average 50. The price has been trading between the accumulation territory of $7,000.00 and a bit above the distribution territory of $8,000.00. The BTC/USD chart has shown a bullish reversal above the southward trend line, and if the bears manage to claw the price down, then there can be some smaller thick accumulation territories below the $8,000.00 distribution territory. In this regard, investors can watch out for taking a long entry while the price reverses.


The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

 

[Cryptoglobe]

Ethereum Price Analysis – April 25


ETHUSD Medium-term Trend: Bullish


Resistance: $680, $670, $660
Support: $620, $630, $640

Yesterday, April 24, Ethereum price was in a bullish market and reached the resistance level at $700. The bulls have attempted breaking the resistance level without success. The reason for this is that the resistance level was previously a strong support level that was broken by the bears on March 13, 2018. Today, the asset is trading at $644.55 at the time of writing.

Nevertheless, in the weekly chart, the ETHUSD pair traded up to $709, but was resisted by the bears. The price fell to the $640 low. However, although the price has fallen as per the indicators and price action; the overall trend is bullish. In the weekly chart, the MACD line and the signal line are below the zero line, indicating that the market is bearish.

The 12-day EMA is above the 26-day one and are below the price, indicating that the bullish trend is ongoing.

ETHUSD Short-term trend: Ranging


n the daily chart, the price is in a range bound movement. Ethereum was ranging at the $700 resistance level. At $670, the bulls took the price to the resistance zone and were resisted by the bulls at $710. Then there was a pullback to the $640 low when the market went into a range bound movement.


The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

 

[Cryptoglobe]

Bitcoin Weekly Price Analysis – April 28


BTCUSD Long-term Trend – Bearish

Distribution territories: $11,000.00, $12,000.00, $13,000.00.
Accumulation territories: $7,000.00, $6,000.00, $5,000.00.


BTCUSD, like many other digital assets across the globe, witnessed a volatile price decline on April 25. The BTC market prices are averaging a bit above the distribution territory of $9,000.00 right now, after tumbling below the accumulation territory of $8,000.00. The chart shows that the BTC bulls hit some strong distribution territories, very close to $10, 000.00.


The Simple Moving Average 13 has crossed the 50 one from below. This indicates that some of the downturns may be short-lived and the path distribution territory will be headed northward. The Stochastic Oscillators have dipped into the overbought zone, but is still pointing northward. The sentiment remains that the bulls need to break the distribution territory again, above the $10,000.00 distribution territory, to have a better stride. There can also be some pit stops between $9,000.00 and $11,000.00 distribution territories. Traders should be cautious of taking short trade entries at this point in time to avoid selling at lower prices as a result of panic.


The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

 

[Cryptoglobe]

Ethereum Price Analysis – May 3


ETHUSD Medium-term Trend: Bullish


Resistance: $760, $750, $740
Support: $690, $700, $710

The ETHUSD pair was in a ranging market yesterday. Price of the asset was ranging from the resistance level at $700 to the support level at $650. The MACD line and the signal line are below the zero line. Today, the ETHUSD pair is currently trading at $716.13 as at the time of writing. However, from the weekly chart, the price of the asset has broken the resistance level at $700.


The price of the asset may likely reach the highs of $750 and $800. Meanwhile, the MACD line and the signal line are above the zero line indicating that price of the asset is bullish. The price bars are above the 12-day EMA and 26-day EMA indicating that the current trend is ongoing. Traders have a buy signal because the MACD line crosses above the signal line.


ETHUSD Short-term trend: Bullish

In the daily chart, price of Ethereum is in a bullish market. From the chart, the price of the asset had been in a range bound movement for days before it encounters a bullish movement to the high of $720. A positive histogram shows as soon as the MACD line crosses above the signal line indicating a buy signal.


The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

 

[Cryptoglobe]

Bitcoin Weekly Price Analysis – May 5


BTCUSD Long-term Trend – Bearish

Distribution territories: $12,000.00, $13,000.00, $14,000.00.
Accumulation territories: $8,000.00, $7,000.00, $6,000.00.

In spite of lower highs than lower lows on the BTC/USD pair, the long-term trend chart has not been able to make a significant move away from a bearish outlook. On April 29, the pair declined a bit below the accumulation territory of $9,000.00 and on May 1, it reversed northward towards the distribution territory of $10,000.00.

The bulls are currently gaining momentum as the 13-day SMA is now above the 50-day SMA.
The Stochastic Oscillators have now dipped into the overbought zone and are also consolidating their movement within it. Accumulation territories from $8,000.00 and below remain foundational territories.

As it has been observed, the market seems to be recovering from several weeks of selling pressure. The bears are getting weaker against the bulls as has already been shown by price action. It is expected that sooner than later the bulls will eventually gain the hold of the market trend.

Going by this assertion, investors can continue with long entries while the price reverses from what seemingly looks like a bearish move. While traders can look out for long entries with proper money management of either ratio 1 to 2, or 1 to 3.


The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

Source: https://www.cryptoglobe.com/markets/price-analysis