Monday, January 30, 2023
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Bitcoin

Ethereum Classic Continues To Follow Bitcoin, Holds Above This Key Level: Is A Bullish Weekend Ahead? – Ethereum Classic – United States Dollar ($ETC)

by Crypto News
December 17, 2021
in Bitcoin
0
Ethereum Classic Continues To Follow Bitcoin, Holds Above This Key Level: Is A Bullish Weekend Ahead? – Ethereum Classic – United States Dollar ($ETC)
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Ethereum Basic (CRYPTO: ETC) gave the bulls a present this week and held above a key stage on the $32 mark and commenced to commerce sideways, simply as Benzinga wrote may happen on Monday.

A sell-off within the basic markets on Thursday and Friday morning main into Friday’s month-to-month choices expiry spilled over into the cryptocurrency market and by Friday afternoon, the SPDR S&P 500. ETF Belief (NYSE:SPY) was bouncing up barely off the open and pulling the crypto sector up with it.

Ethereum Basic has been buying and selling extra in tandem with Bitcoin (CRYPTO: BTC) than Ethereum (CRYPTO: ETH) not too long ago, in a constant downtrend off the November highs. That could be set to alter as a result of Ethereum Basic not solely held above the important thing stage, however on Friday printed a bullish sample on the day by day chart.

See Additionally: How to Buy Ethereum Classic

The Ethereum Basic Chart: Ethereum Basic’s downtrend dragged the crypto down virtually 50% from the Nov. 9 excessive of $65.33 to a low of $33.31 on Wednesday. The crypto then bounced up barely from the extent however on Friday retested it as assist.

The retest of the assist stage and subsequent bounce up has brought about the crypto to print a bullish double backside sample on the stage. If the sample is acknowledged, Ethereum Basic may very well be in for a bullish weekend forward. It’s value noting that Bitcoin additionally printed a double backside sample close to the $45,500 stage on Friday.

By Friday afternoon, Ethereum Basic was working to print a bullish hammer candlestick on the day by day chart, which might usually sign a reversal to the upside is within the playing cards. If Ethereum Basic is ready to commerce up above the newest decrease excessive — the $36.82 stage that was printed on Thursday — it is going to negate the downtrend and will set the crypto into a brand new uptrend.

Ethereum Basic’s relative power index (RSI) has been hovering close to or beneath the 30% stage since Dec. 4. When a inventory or crypto’s RSI reaches or exceeds the extent, it turns into oversold, which generally is a purchase sign for technical merchants.

To make a significant transfer to the upside over the approaching days, Ethereum Basic might want to see growing bullish quantity. On Friday, the cryptos lower-than-average quantity signaled continued consolidation at about 63,540 in comparison with the typical 10-day quantity of 147,257.

Ethereum Basic is buying and selling beneath the eight-day and 21-day exponential shifting averages (EMAs), with the eight-day EMA trending beneath the 21-day, each of that are bearish indicators. The crypto can also be buying and selling beneath the 50-day easy shifting common, which signifies longer-term sentiment is bearish.

  • For the crypto to push up and print the next excessive, bulls wish to see large bullish quantity are available as a response to the double backside sample and hammer candlestick. There may be resistance above at $40.57 and $44.66.
  • Bears wish to see large bearish quantity are available and drop the crypto down below the important thing $32 stage, which might trigger Ethereum Basic to print a decrease low and make sure the downtrend remains to be intact. Ethereum Basic has assist beneath at $32.17 and $27.67.

Need direct evaluation? Discover me within the BZ Professional lounge! Click here for a free trial.etc_dec._17.png

Picture: ETC Public Domain through Flickr



Source link

Related articles

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

January 3, 2022
Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

January 3, 2022
Share76Tweet47

Related Posts

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

by Crypto News
January 3, 2022
0

13 years in the past at the moment, bitcoin formally launched after what's often known as the Genesis Block...

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

by Crypto News
January 3, 2022
0

Textual content dimension Bitcoin's latest tumble might need brought on a rise in buying and selling quantity for Coinbase....

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

by Crypto News
January 3, 2022
0

Key details: La Pampa will cost Gross Earnings to all industrial actions with digital currencies. As in different provinces,...

I bought Bitcoin from PayPal. Here’s what happened

I bought Bitcoin from PayPal. Here’s what happened

by Crypto News
January 3, 2022
0

There isn't a doubt that cryptocurrency has traction within the monetary world. As of the second I am penning...

Multisig Setup Saves Bitcoin Stack from Home Burglary

Proof Of Keys Day And Quantum Computing

by Crypto News
January 3, 2022
0

When Satoshi Nakamoto mined the genesis block 13 years in the past right now, giving rise to the Bitcoin...

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

October 22, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
CES WHALES DU BITCOIN SAVENT QUELQUE CHOSE DE PLUS QUE NOUS [Des Millions Sont Transférés…]

CES WHALES DU BITCOIN SAVENT QUELQUE CHOSE DE PLUS QUE NOUS [Des Millions Sont Transférés…]

January 29, 2023
Cryptocurrency | #shorts #educational #technology #finance #cryptocurrency

Cryptocurrency | #shorts #educational #technology #finance #cryptocurrency

January 29, 2023
🚨 CARDANO AN ELITE PLAYER

🚨 CARDANO AN ELITE PLAYER

January 29, 2023
The Ripple Drop – Episode 10

The Ripple Drop – Episode 10

January 29, 2023

Recent News

CES WHALES DU BITCOIN SAVENT QUELQUE CHOSE DE PLUS QUE NOUS [Des Millions Sont Transférés…]

CES WHALES DU BITCOIN SAVENT QUELQUE CHOSE DE PLUS QUE NOUS [Des Millions Sont Transférés…]

January 29, 2023
Cryptocurrency | #shorts #educational #technology #finance #cryptocurrency

Cryptocurrency | #shorts #educational #technology #finance #cryptocurrency

January 29, 2023

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News