Ethreum
ETH expected to see an uptrend(1D) | Very high VolatilityMarket in last 1 week
-ETHUSD saw a sideways movement with price breaking the midline Bollinger band
-Price volatility was very high. The market moved ~15.29%, between $424.85 and $368.5
Today’s Trend analysis
-ETHUSD expected to see an uptrend as the price after rejecting from midline got support from the lower band and has broken midline
-Price at time of publishing: $423
-ETH’s market cap: $47.5 Billion
-Oscillator indicators are mostly neutral. RSI at 61
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators saw a decrease in volume as blue candles were observed
Price expected to see an uptrend as the price after rejecting from midline got support from the lower band and has broken midline. Most of the Oscillator indicators are neutral. MACD line moving close from below to signal line with histogram size decreasing in the negative direction. RSI at 61, above the midline still in the neutral region. CCI is around 65, in the neutral region with an up move. Another interesting point to notice here is that volume saw a decrease in volume as blue candles were observed suggesting a weakening buying pressure.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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Vending machine is mentioned as the oldest piece of technology equivalent to smart contract implementation. 2014's white paper about cryptocurrency Ethereum mentions Bitcoin protocol to be a weak version of the concept of smart contracts as defined by Nick Szabo. Since Ethereum, various cryptocurrencies support scripting languages for more advanced smart contracts between untrusted parties. In the cryptocurrency space, smart contracts are digitally signed in the same way a cryptocurrency transaction is signed. The signing keys are held in a cryptocurrency wallet.
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Points of interest.
If it goes to 0.00988 then you gain around %40 on the low end and on the high end %80, I don’t know how liquid it is if there is a rally.
It's on the coin base PRO, and that’s that.
$200 bucks will move the market and make you feel like a boss.
High roller your money is going in the toilet or it can go back up to 0.39 which means +%6000.
A low all-time high of 0.39.
This could be the last time it rally’s or there is a use case and that’s why coin base has held it they are a Nuance at coin base.
I am not a financial advisor.
I can only assure you I am 100%, not a financial advisor.
It seems to need a break UPDATEETH is showing positive signs above $ 202 and $ 200 support, and is likely to be close to $ 220 and $ 225 in the near future.
ETH has good sales at $ 202 and $ 200 support. The price is currently trying to break the upward trend above $ 207 and the average 100-hour simple move.
There is a downtrend with the resistance at around $ 207, which seems to be falling sharply above $ 207 and $ 210.
ETH prices could rise sharply
In the past few days, ETH has risen above $ 200 and has risen to a critical and sensitive $ 210, trying to continue above $ 212, and is expected to be close to $ 212. There is now a break below the $ 210 level and an average 100-hour fast move.
Today, Bulls defended a key $ 202 support area. ETH also gained support from $ 195 to $ 212 near an upward movement.
ETH is currently on the rise, testing the $ 207 resistance. If the ETH rises above the $ 207 and $ 210 resistance levels, Bulls are likely to take full control.
The immediate and strong resistance is near the $ 212 level, above which the Bulls are likely to test the $ 220 level. Any further gains could open the door for a $ 225 move or a $ 230 resistance zone in the short term.
ETH can also be downgraded if it tries to move above $ 210 or $ 212. Initial support is close to the $ 205 level, and the first major support is near $ 202 and $ 200.
In order to predict the pessimism of ETH , we can consider the downward trend near $ 195, which if the price goes down to $ 195, there is a possibility of further reduction to the support level of $ 182 and $ 180.
Compared to yesterday, ETH is trading at around $ 207, with a one percent drop in price, and is in the red.
ETHUSD, Fractals Triangles!The price dropped down after accumulation in the 1st Triangle.
It's possible will be the second drop after the 2nd accumulation.
The target will be near the Support Level 194.50.
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Ethereum Technical Analysis. When ETH will go up?Dear ladies and gentlemen,
today wewouldliket provide long-term analytics of the eth/usd pair. At the moment, trendline and momentum strategies show a downtrend and short sales. In the current situation, we consider 3 price levels that will potentially become a support level for future accumulation. For each of the levels, the extreme dates of the crossing of the trend line up are indicated.
The proposed levels are in the price range of 80-100-120 dollars.
Based on the above prices, we can suppose the end of a downtrend that began in the second half of September 2019:
1) 120 usd/eth - March 1, 2020
2) 100 usd/eth - April 20, 2020
3) 80 usd/eth - June 10, 2020
However, earlier purchases are also possible, which will cause a break through the trendline.
At the moment, the overbought stochastic during the current downtrend shows a high probability of continued downward movement below 120 usd / eth.
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3 Reasons why you need bitcoin in your Portfolio Now, there are three reasons why you need to get into bitcoin today:
The country’s banking system had been battered by bad loans. In order to save the banks, the government confiscated as much as 47% of people’s wealth via so-called “bail-ins.”
As a result, people scurried to move their money outside traditional currencies... and bitcoin soared.
1.Tight supply – supply is tight.We are expecting BTC halving next year. You see, the big players don’t buy their bitcoin on an exchange like you or me. They use off-market brokers where they can buy large quantities without unduly influencing the price. And right now, there’s almost nothing available to buy.
2.Bitcoin ETFs – three groups were vying to gain regulatory approval for bitcoin ETFs
Investment firm Need-ham estimates a bitcoin ETF could attract $300 million in capital in the first week alone. Now, even though the SEC ruled against
these bitcoin ETFs, we expect bitcoin ETFs to eventually gain approval. Meanwhile, as the fight for an ETF continues to play out, use any price weakness as a buying opportunity.
3.Currency crises and the War on Cash – As the bolivia crumbled in 2016, Venezuelans turned to bitcoin. When India banned 86% of outstanding cash, Indians turned to bitcoin. This year, there are major elections in the Netherlands, France, and Germany. And the nationalist movement and Brexit are still fresh in the minds of all Europeans. So we expect the bitcoin trend to continue.