CRYPTANALYSIS - HOUSE VIEW ON KEY ALTCOINS

For general questions, please read our F.A.Q.
Disclaimer: Cryptomover is not a licensed financial advisor. The information presented in this piece is an opinion, and is not purported to be fact. Cryptocurrency is a volatile virtual commodity and can move quickly in any direction. Cryptomover is not responsible for any loss incurred by following this advice.

 

18.TECHNICAL ANALYSIS: ETHBTC (Published: 07th Jul, 2017)
The price of ETH/BTC seemed to be in a downtrend. Previously it retraced to the Fibonacci 78.6% level (0.1282) but then continued to drop. The volume is weakening but it should still have some momentum to fall lower. There would be a strong support level at around 0.090, hence investors should wait the price to reach that level and then trade the reversal or short it, depending on the confirmation signals. 

© 2017-2018 Cryptomover.com