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π΅ A N A L Y S I S π΅
π’π The price of ether, ethereum's native token, hit a new all-time high of $686 today, and the price chart analysis suggests the rally could continue.
At the time of writing, ether (ETH) was trading around $694. As per CoinMarketCap, the world's second largest cryptocurrency by market capitalization has appreciated by 24.6% in the last 24 hoursπ
There is still plenty of steam left in the bullish move, indicates the price chart analysis.
π’π The price of ether, ethereum's native token, hit a new all-time high of $686 today, and the price chart analysis suggests the rally could continue.
At the time of writing, ether (ETH) was trading around $694. As per CoinMarketCap, the world's second largest cryptocurrency by market capitalization has appreciated by 24.6% in the last 24 hoursπ
There is still plenty of steam left in the bullish move, indicates the price chart analysis.
π’π The above chart shows that, despite the bearish price-relative strength index (RSI) divergence, ether managed to defend support at $632.31 (161.8 percent Fibonacci extension).
Further, it has witnessed a solid rebound to near $690 levels. The move points to strong "buy the dip" mentality in the markets.
Further, it has witnessed a solid rebound to near $690 levels. The move points to strong "buy the dip" mentality in the markets.
π’π The above chart shows a bullish symmetrical triangle breakout; the upside break witnessed in November signaled the continuation of the rally from December 2016 lows below $6.00 levels.
As per the measured height method, the bullish break in November opened doors for a rally to $730 levels.
As per the measured height method, the bullish break in November opened doors for a rally to $730 levels.
View:
π Ether looks set to challenge resistance at $730 levels and could extend gains to $752 levels (261.8 percent Fibonacci extension level). The RSI shows overbought conditions, however, hence higher peaks may be transitory.
π On the downside, $632 (161.8 percent Fibonacci extension) is likely to act as a strong support.
π Ether looks set to challenge resistance at $730 levels and could extend gains to $752 levels (261.8 percent Fibonacci extension level). The RSI shows overbought conditions, however, hence higher peaks may be transitory.
π On the downside, $632 (161.8 percent Fibonacci extension) is likely to act as a strong support.
π’π Fresh off all-time highs, Bitcoin is trading sideways and showing signs of bull exhaustion.
The price chart analysis indicates the move to $20,000 could take more time than previously thought.
The price chart analysis indicates the move to $20,000 could take more time than previously thought.
π The above chart shows:
π Short-term bullish momentum could be fading.
π A bearish doji reversal (marked by a circle) indicates the rally from the Dec. 10 low of $13,500 could have run out of steam.
π Also, BTC has breached the ascending trend line (blue dotted line).
π Short-term bullish momentum could be fading.
π A bearish doji reversal (marked by a circle) indicates the rally from the Dec. 10 low of $13,500 could have run out of steam.
π Also, BTC has breached the ascending trend line (blue dotted line).
π View
The bearish doji reversal and the breach of the ascending trend line have neutralized the immediate outlook.
π Bullish scenario: A move above $18,149 (yesterday's high) would negate the bearish doji reversal and open doors for a rally to $19,697 (Dec. 7 high) and $20,000 (bull flag breakout target).
Note that the bigger rising trend line is still intact. Further, the relative strength index on the 4-hour chart indicates a potential for another leg higher in BTC. So the upside is still in play and a break above $18,149 would reinforce the bullish view.
π Bearish scenario: A break below $16,750 (doji candle low) would add credence to the breach of the ascending trend line and the doji reversal. In such a case, BTC could test support at 15,400 (confluence of upward sloping 50-MA and rising trend line).
On a larger scheme of things, only a daily close (as per UTC) below $14,000 would abort the bullish view.
The bearish doji reversal and the breach of the ascending trend line have neutralized the immediate outlook.
π Bullish scenario: A move above $18,149 (yesterday's high) would negate the bearish doji reversal and open doors for a rally to $19,697 (Dec. 7 high) and $20,000 (bull flag breakout target).
Note that the bigger rising trend line is still intact. Further, the relative strength index on the 4-hour chart indicates a potential for another leg higher in BTC. So the upside is still in play and a break above $18,149 would reinforce the bullish view.
π Bearish scenario: A break below $16,750 (doji candle low) would add credence to the breach of the ascending trend line and the doji reversal. In such a case, BTC could test support at 15,400 (confluence of upward sloping 50-MA and rising trend line).
On a larger scheme of things, only a daily close (as per UTC) below $14,000 would abort the bullish view.
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Estimated gained profitπ°: +55%
Congratulations to those who followed the signal.
Let the CryptoBullet hit you!π«
COIN: #BAT
BUY PRICE: 0.00001450
β TARGET β
1οΈβ£ 0.00001600
2οΈβ£ 0.00001700
3οΈβ£ 0.00001800
β Stop-loss: 0.00001300
BUY PRICE: 0.00001450
β TARGET β
1οΈβ£ 0.00001600
2οΈβ£ 0.00001700
3οΈβ£ 0.00001800
β Stop-loss: 0.00001300
Tomorrow Events 14.12.2017
Aeternity (AE) - Hackton
AirSwap (AST) - Singapore Meetup
Basic Attention Token (BAT) - Meetup Digital Advertising System
Bitcoin Gold (BTG) - Listing on Coinone
CoinDash (CDT) - Meetup in Tel Aviv
CoinDash (CDT) - The Future Of Trading In The Palm Of Your Hand
DopeCoin (DOPE) - Payment Gateway Activated
EOS (EOS) - Deposits Open on Bithumb
Eltcoin (ELTCOIN) - Will be listed on Coinexchange
Everex (EVX) - Community Meetup in Bangkok
Golem (GNT) - Reddit AMA
IOTA (MIOTA) - Tokyo Meetup
Ink (INK) - Listing on Coinnest
MaidSafeCoin (MAID) - AMA Session
Masternodecoin (MTNC) - 10 Milion Coins Burn
Monaco (MCO) - Listing on new exchanges
Monaco (MCO) - Q&A Session
NEO (NEO) - CoZ Nodes
Next (NEXT) - Exchange Launch
Rebellious (REBL) - Airdrop
Solaris (XLR) - ZeroCoin Protocol Implementation
Stox (STX) - Cyber Security Conference
Substratum (SUB) - #SaveNetNeutrality
WhiteCoin (XWC) - Listing on eBTCbank
XTRABYTES (XBY) - 12 Days Giveaway
Aeternity (AE) - Hackton
AirSwap (AST) - Singapore Meetup
Basic Attention Token (BAT) - Meetup Digital Advertising System
Bitcoin Gold (BTG) - Listing on Coinone
CoinDash (CDT) - Meetup in Tel Aviv
CoinDash (CDT) - The Future Of Trading In The Palm Of Your Hand
DopeCoin (DOPE) - Payment Gateway Activated
EOS (EOS) - Deposits Open on Bithumb
Eltcoin (ELTCOIN) - Will be listed on Coinexchange
Everex (EVX) - Community Meetup in Bangkok
Golem (GNT) - Reddit AMA
IOTA (MIOTA) - Tokyo Meetup
Ink (INK) - Listing on Coinnest
MaidSafeCoin (MAID) - AMA Session
Masternodecoin (MTNC) - 10 Milion Coins Burn
Monaco (MCO) - Listing on new exchanges
Monaco (MCO) - Q&A Session
NEO (NEO) - CoZ Nodes
Next (NEXT) - Exchange Launch
Rebellious (REBL) - Airdrop
Solaris (XLR) - ZeroCoin Protocol Implementation
Stox (STX) - Cyber Security Conference
Substratum (SUB) - #SaveNetNeutrality
WhiteCoin (XWC) - Listing on eBTCbank
XTRABYTES (XBY) - 12 Days Giveaway