ETH/USD and ETH/BTC Technical Analysis June 23, 2017

Hello and welcome to News BTC’s Market Outlook June 23.[embedded content]

ETH/USD

The Etherium market initially fell during the day on Thursday, but found enough support just above the $300 level to turn around and form a hammer like candle. Because of this, looks as if the support level is holding, and that we should continue to bounce around and towards the $360 level next. To break above there is a very bullish sign and has the market looking for the $380 level, and then the $400 level.

ETH/BTC

Etherium initially fell against Bitcoin as well, but found enough support at the 0.12 level to turn around. Pullbacks should continue to offer buying opportunities, and the 0.11 level underneath should continue to be massively supportive. Because of this, the longer-term target is still the 0.15 level above, and therefore it’s a “buying the dips” type of market.

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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

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