Ethereum [ETH/USD] Price Analysis: Bear fastens its grip over coin

Ethereum [ETH], the second largest cryptocurrency by market cap, made headlines following the statement made by the Securities and Exchange …

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The one-hour chart demonstrated two prominent downward trends for the cryptocurrency, from $138.94 to $137.23, and from $137.13 to $133.65. The coin also had two upward trends, outlined from $124.88 to $129.28, and from $129.29 to $130.70.

The immediate resistance was set at $133.67, while stronger resistance was set at $138.96. However, if the bear was its tighten the grip, the immediate support for the coin was found at $129.27 and the strong support at $124.83.

Bollinger Bands showed that there was volatility for the cryptocurrency in the market, with the charts recording a recent explosion.

Klinger Oscillator showed that the bear had no intention of loosening its grip as the reading line was well below the signal line after a crossover.

RSI showed that the coin remained in an evened out market, where the buying pressure canceled out the selling pressure.

1-day

Ethereum one-day price chart | Source: Trading View

The one-day chart showed that the cryptocurrency’s downtrend was displayed from $218.66 to $157.55, which went further south to settle at $136.41. The uptrends for the cryptocurrency were from $83.74 to $103.21, and from $103.22 to $125.24.

The immediate resistance for the cryptocurrency was at $137.80, while there was strong resistance at $157.61. The coin found its immediate support ground at $125.12 and strong support at $82.64.

MACD showed that the coin had joined a few others in the bear’s station.

Parabolic SAR also forecast an impending bearish doom as the dotted markers were above the candlesticks.

Chaikin Money Flow indicated a red future for the coin as money was seen flowing out of the market.

Conclusion

Bullish activity was slowing phasing out, following the bear’s tight grip over the market. MACD, Parabolic SAR and CMF, from the one-day chart and Klinger Oscillator from the one-hour chart, were all seen siding with the bear.


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Ethereum [ETH/USD] Price Analysis: Coin rests in the bear’s den

Ethereum [ETH], the second largest cryptocurrency by market cap was recently in the headlines after multiple research reports corresponding to the …

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On the one-hour chart, the downtrends for the cryptocurrency were outlined from $138.94 to $137.23 and $135.58 to $132.51. The coin’s uptrend was pictured from $124.88 to $129.28.

The immediate resistance for the cryptocurrency was at $132.56, while strong resistance was found at 138.95. The immediate support, on the contrary, was positioned at $124.82 and there was strong support at $123.99.

Parabolic SAR showed that the bear’s influence over the coin was growing, with the dotted markers forming above the candlesticks.

Chaikin Money Flow showed that money was flowing out of the market, a bearish sign.

Bollinger Bands showed that the market was still volatile as the bands were diverging from each other.

1-day

Ethereum one-day price chart | Source: TradingView

On the one-day chart, the downtrends for the coin were outlined from $218.66 to $157.56, and from $157.55 to $136.41. The uptrends for the cryptocurrency were pictured from $83.74 to $103.21, and from $103.22 to $125.24.

The immediate resistance for the coin was at $137.80 and there was strong resistance at $157.67. The immediate support was positioned at $125.16 and the strong support was at $82.76.

Klinger Oscillator showed that the coin was resting next to the bear as the reading line moved below after its encounter with the signal line.

The MACD line placed itself below the signal line after the two completed a crossover, painting the histogram red on its path down south.

RSI showed that the buying pressure for the coin was equally balanced out by the selling pressure.

Conclusion

The second largest cryptocurrency occupied the seat vacant next to the bear. This projection was backed by indicators such as the MACD and Klinger Oscillator on the one-day chart, and Parabolic SAR and CMF on the one-hour chart.


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Ethereum [ETH/USD] Price Analysis: Bull bids adieu to market

Earlier this week, a majority of the cryptocurrencies were adorned in green to greet the bull, including top coins such as Litecoin [LTC], Ethereum [ETH] …

Ethereum one-day price chart | Source: Trading View

The one-day chart demonstrated downtrends from $218.66 to $157.56 and from $157.55 to $136.30. The uptrends for the cryptocurrency were outlined from $83.74 to $103.22 and from $103.22 to $125.24.

The coin’s immediate resistance was at $157.75 and the strong resistance was at $218.64. Over the course of time, the coin had placed multiple support layers at $215.04, $103.10, and $82.87.

MACD showed that the bear’s grip around the coin was strong as the moving average line was forced to stay below the signal line.

Parabolic SAR ensured that all the gates were shut, preventing the bull from returning to the market. As an added security measure, the indicator had placed itself on top of the candlesticks.

Chaikin Money Flow, however, showed hope for the coin as money had started to flow into the market.

Conclusion

The bull’s visit to the market has come to an end and the bear’s grip seems to be inevitable with the support of MACD, and Parabolic SAR from the one-day chart and Klinger Oscillator from the one-hour chart.


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Litecoin [LTC] Price Analysis: Prices hold as coin remains under bear’s control

Litecoin, the fifth largest crypto asset on CoinMarketCap with respect to market capitalization was struggling to breach the $50-mark since last week.

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LTC registered an uptrend from $23.26 to $30.82 and a significant downtrend from $55.76 to $34.16 on the one-day chart. The immediate resistance was noted at $55.88 and the support for the coin was found at $41.23.

Parabolic SAR: The dotted markers were oriented above the candles and indicated a bearish pattern for the coin’s valuation.

Klinger Oscillator: The reading line was aligned below the signal line and indicated a bearish trend for LTC’s price.

MACD: The MACD indicator also sided with the bear with the signal line hovering above the MACD line.

Conclusion

Most of the indicators, including the CMF, Parabolic SAR, KO and the MACD, suggested that Litecoin was deep inside the bear’s territory. However, the AO indicator predicted a bullish phase for the coin.


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Bitcoin [BTC] Price Analysis: Coin falls down the stairs as the bear attacks

The cryptocurrency market stagnated for the past few days, and this trend differs only for a few coins. Bitcoin [BTC], the largest cryptocurrency, …

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The one-day chart for Bitcoin marked two downtrends. One of the downtrends was marked from $6,188 to $3,774.99, while another downtrend was observed from $6,259.35 to $4,110. BTC marked an uptrend from $3,184.28 to $3,734.23. Resistance for the token was noted at $4,110 and support at $3,183.

Parabolic SAR noted a bearish reign for the coin as the indicators aligned themselves above the candles.

MACD line was under the signal line, pointing towards a bearish market.

Relative Strength Index indicated that the buying and the selling pressures evened each other out.

Conclusion

The majority of the indicators, Bollinger Bands, Awesome Oscillator, Parabolic SAR and MACD forecast a bearish trend for Bitcoin.


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