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Bitcoin price is still stuck in consolidation but might be ready to make a strong breakout in either direction sooner or later.
The post Bitcoin Price Technical Analysis for 07/11/2016 – Still Stuck in Consolidation!appeared first on NEWSBTC.
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Key Highlights Ethereum price continued to dive down against the US Dollar and even broke the $9.50 level. There are a couple of bearish trend lines formed on the hourly chart (data feed via Kraken) of ETH/USD, which can be considered as a downside move catalyst. There is now a major resistance area forming around …Continue reading Ethereum Price Technical Analysis - $11.20 Now Major Resistance
The post Ethereum Price Technical Analysis - $11.20 Now Major Resistance appeared first onNEWSBTC.
The technical setups posted below use simple trend detection, support and resistance, channels, pattern and candle analysis. We aim for high-probability trade setups on BTCUSD and use very few indicators. All charts use BNC's Bitcoin Liquid Index for maximum accuracy.
Key Highlights Ethereum price collapsed against the US Dollar and even created a new low below $11.00 (as per Kraken data feed). Yesterday's bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD acted as a perfect resistance and pushed the price down. The price after trading below $11.00 recovered well and … Continue reading Ethereum Price Technical Analysis - Sell Targets Achieved, Now What?
The post Ethereum Price Technical Analysis - Sell Targets Achieved, Now What? appeared first onNEWSBTC.