ETH/USD and ETH/BTC Technical Analysis July 19, 2017

Hello and welcome to News BTC’s Market Outlook July 19.[embedded content]

ETH/USD

The Ethereum market initially fell during the day against the US dollar on Tuesday but found enough support at the $180 level to turn around and form a hammer. A break above the $200 level would be a bullish sign, and should continue to bring more buyers into the marketplace.

ETH/BTC

The Ethereum market fell slightly against Bitcoin, as we continue to see sideways momentum. The 0.08 level below should be supportive, and that being the case, I think that the market will eventually find the buyers to get into the market. If we can break above the 0.10 level, it becomes a longer-term buy signal. In the meantime, it looks as if we are going to continue the accumulation phase.

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...