Skip to main content

Posts

Showing posts from January, 2020

Ethereum Ready For Additional Upsides

The price of ETH was able to secure support close to $158 and began a new increase, just like Bitcoin. The crypto i s securing momentum and may soon surge over the hurdle at $170. In the previous d ay , there was a short-term downside retracement in ETH/USD from the hurdle at $172. The price of ETH moved below the support at $165 and extended the decline to $160 . Nevertheless, the price found well-established support close to $158 and the 100 hourly SMA. There was the formation of a moderate support base close to $158 and i n recent times, the price began a new increase. Further, the price was able to breach the major bearish channel with resistance close to $165 on the hourly chart of ETH against the USD, which was noted in the previous day. Currently, the price is close to $165 zone. A successful surge over the hurdle at $165 could take t he price higher towards $170 and $172. Any additional upside may lead to $180 area. There could be re...

The Analysis of EOS/USD and XMR/USD

The price of EOS surged past the overhead hurdle at $2.8695, reaching somewhere near the d owntrend line today. Nevertheless , it failed to surge past the downtrend line and turned back from just under it. The ability of the EOS/USD pair to secure support at the 20-day EMA could p rompt the buyers to try to break out of the downtrend line once again. The occurrence of such break out will lead to a rally towards $3.50 and over it to $4.24. Contrariwise, the failure of the buyers to maintain the price over $2.5804 could prompt a d ecline to $2.4001. As for XMR against the USD pair, there was a sharp rally that led its price over the overhead hurdle at $57.1199. Nevertheless, the buyers may be able to maintain the level, signaling aggressive selling by the sellers at higher levels. T he price may now decline to the 20-day EMA. The ability of the buyers to hold the level could strengthen them to try to scale and maintain a level over $57.11. Traders should focu...