• Cryptocurrencies: 4008
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  • Market Cap: $271903330435.11
  • 24h Vol: $73072393715.487

Buy The Dip Level: Ethereum

A lot of the Nouvive community have been seeing the market go down and ask the same question: What level Should we Buy the dip for Ethereum. Nouvive answers this as between $192-195. ETH will re-test the 15th October Lows before bouncing up.

What does the Technical Analysis Show? 

  • On the 1D Higher time frequency, Ethereum looks as if it will fall between $192 and $185. This is according to:
    • RSI Stochastic will be reset at around the $185 area.
    • MACD is illustrating that there is some more level to go. The $185 area in the middle of October was a Swing Failure Patten where we saw an immediate bounce over the next several days to $217 following that.
    • Accumulation according to the OBV has deteriorated on a large scale.
    • Over the past several days volume has breached the 90D Moving average and heavily in favour of Sell-Side Support.
  • On the 4H time frequency, ETH appears to have a swing failure pattern at $196 with the RSI Stochastic indicating it is HEAVILY OVERSOLD. 
    • Accumulation has decreased over the past 7 days.
    • Over the past 6 Days, volume has increased heavily in support of Sell Side.
    • MACD following a fall to $192 will reset with a  bounce ready. The last time we saw $192 was for the 15th October 2018 Close.

Nouvive sees a Buy level between $192-193.

For those extra cautious – it is heavily recommended to put some entry points at $185.

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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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