ETH/USD and ETH/BTC Technical Analysis Aug 1, 2017

Hello and welcome to News BTC’s Market Outlook Aug 1.[embedded content]

ETH/USD

Ethereum fell slightly during the day on Monday, as we continue to bounce around just below the $200 level. It looks likely that the $175 level underneath will continue to be support though, so I would expect a short-term bounce. He either way, I suspect that is probably best to stay out of the market currently.

ETH/BTC

Ethereum continues to slide against Bitcoin, and it looks very likely to go looking towards the 0.06 level now. Short-term rallies are probably selling opportunities, less of course we can break above the 0.08 level above. If we do, then it becomes a very bullish market but currently it looks as if we have a slightly negative attitude.

Thanks for watching, we’ll see you again tomorrow.

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.

Source: Newsbtc

loading...