news & articles

Your go to place to stay updated with the latest news and fun articles from the finance and crypto worlds.

ALERTS | ICOS | STOCKS | CRYPTOS | OPINIONS

© Copyright GGG Inc.

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.

Ethereum Analysis January 16, 2018

ETH/USD

Ethereum markets rallied significantly over the last couple of weeks, but Monday was rather quiet. It looks as if the $1300 level is offering a bit of support, just as the uptrend line just below pricing is. I think that it’s only a matter of time before we reach towards the $1400 level. If we break down below the uptrend line, the market sends this market down to the $1100 level.

ETH/BTC

Ethereum has rolled over against Bitcoin during the session on Monday, but quite frankly I think there’s plenty of support underneath. The 0.08 level underneath should be a bit of a “floor” in the market, and therefore any pullback to that area should offer value the traders are willing to take advantage of. If we break down below the 0.08 level, the market probably goes much lower from there.

Thanks for watching, I’ll be back tomorrow.

The post Ethereum Analysis January 16, 2018 appeared first on NewsBTC.

No Comments

Post A Comment