In the last week of the Ethereum course fell back on the former downtrend, but this bounce off With the Maximum of 8. July has been tested the Resistance of the since the beginning of January followed the Triangle Pattern, however, as well as the Support of the same, was so far in these Tests.
- The Ethereum-rate has fallen this week.
- After the course was able to rise above the exponential moving averages EMA50 and EMA100, dropped the rate back to the former, since the end of may trend back tracked Down.
- Overall, one comes to a more bullish course evaluation. The most important Support is 416,53 US Dollar (358,21 Euro), the first interesting Resistance is 461,66 US Dollar (396,87 Euro).
Easy come, easy go: Ethereum could 8 to. July develop very well and the exponential moving averages. Unfortunately, the Ethereum exchange rate fell again and tested, hence, the former downward trend, the rate was followed from the end of may until the end of June.
The recent rate of waste can be interpreted in a larger context as a Test of the since the beginning of January followed Triangle Patterns: On-8. June has been tested the Resistance of the same, however, ricocheted off of the course. Currently, the Ethereum can hold on to course but about the Support of this Triangle Pattern:
The MACD on the four hour chart (second Panel from the top) is negative, but rising: The MACD line (blue) is above the Signal (orange).
The RSI is 44 and is therefore bearish. He rises, but at least since the 10. July.
Under consideration of price, Trend, indicators and volume of trading comes to a rather bullish sentiment.
Support and Resistance
The first Support is located at 416,53 US Dollar (358,21 Euro) and thus at about the current level of the previous downward trend. A further Support is 394,26 US Dollar (338,88 Euro) and is defined by the Plateau from the beginning of April.
The first Resistance is located at 461,66 US Dollar (396,87 Euro) and thus on the current height of the EMA100. The Bitcoin should overcome the course of this Level would be an additional Resistance at the height of the maximum of 8. To find July 492,00 US $ (422,84 Euro).
Entry points, Stop Losses and Targets
The more bullish assessment invites you to take a Long Position. Stop Loss would be the first Support at 416,53 US Dollar (358,21 Euro), while you can aim for as a first Target, the two Resistances. With the breakthrough of the second Resistance since the beginning of January, followed the Triangle Pattern would be broken. With a higher-set Stop Loss for further Targets such as the 540 US Dollar (463,91 Euro), which corresponds to the Plateau from the middle of June, could aim for.
The price should fall below the second Support at 394,26 US Dollar (338,88 Euro), is expected, since by the end of 2017, seen, course minima. As the Target for a Short Position would offer US $ 300 (about 260 Euro), which corresponds to the Plateau of the end of September until the beginning of November 2017. As a Stop Loss the first Support 416,53 US Dollar (358,21 Euro).
Disclaimer: The presented on this page, rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.
Images on the Basis of data from kraken.com 13:17 at 13. July created. For a deeper understanding of the concepts of a Bitcoin price analysis, please refer to this Link.