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Copy of Ethereum Failure will lead to 30% Altcoin retrace

Ethereum if you do not bounce from the level below, Altcoins crash 30% 

 

CACM Global and Aeries Rating’s, both Partners of Nouvive have found the importance of Ethereum. 

Ethereum has a positive correlation of more than 0.65 on average to 89% of all Altcoins in the top 250. 

This will mean that if Ethereum fails to bounce at the levels below, we will see a further 30% crash of Altcoins. 

What will Happen today? 

 

Nouvive has seen the $318 that we saw on the 17th of August as a Swing Failure Pattern, this means that a failure of momentum made ETH unable to surpass that figure. 

The same can be said of the figure of 14th August that we saw $252. 

Since then we have been travelling in a range of tipsy-ness. 

If Ethereum cannot stablise above $277, we will see it fall to $266. 

This $11 fail will mean that we will see all altcoins fall past 30% decreases.

There has been over the past 3 days, a lot of sell side pressure, far more than buy pressure. 

There is a bullish MA Crossover, that can be seen on a higher time frame. 

Nouvive recommends a sell. 

See the levels below:

If You want to sell: Enter a position at just below $278 with a take profit at below $266-258. Increasing Stop Losses as when in Profit. 

The first stop loss should be at $279.

 

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Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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ViFeed Indicators

Bitcoin (BTC)
$7988.81
46.00 RSI
-0.72%
Hold
Ethereum (ETH)
$249.43
43.00 RSI
-0.93%
Buy
XRP (XRP)
$0.38
51.00 RSI
-0.92%
Hold
Bitcoin Cash (BCH)
$402.75
56.00 RSI
-1.22%
Hold
Litecoin (LTC)
$100.81
44.00 RSI
-0.58%
Buy
EOS (EOS)
$6.33
. RSI
-0.64%
--
Binance Coin (BNB)
$33.8
. RSI
-3.51%
--
Tether (USDT)
$1
. RSI
-0.15%
--
Stellar (XLM)
$0.13
. RSI
-0.51%
--
Cardano (ADA)
$0.08
. RSI
-1.09%
--
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