ETH/USD and ETH/BTC Technical Analysis July 18, 2017

ETH/USD and ETH/BTC Technical Analysis July 18, 2017


Hello and welcome to News BTC’s Market Outlook July 18.

ETH/USD

Ethereum rallied on Monday, but struggled at the $180 level. I think there is a lot of noise between the $180 level and the $200 level, so I am going to wait until we break above $200 before I start to put any money to work. As for selling, it looks as if the $150 level is starting to form significant support. Because of this, I am waiting to see if we get a short-term buying opportunity.

ETH/BTC

Ethereum did almost nothing against Bitcoin during the Monday session as we continue to hover above the 0.08 level. A break above the 0.09 level would be confirmation that we are starting to bounce, but until then I am on the sidelines.

Thanks for watching, we’ll see you again tomorrow.

 

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.

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