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ETH Day Forecast: Double Figures Imminent

Ethereum – One of the Market’s favourites in 2017 – has now become one of the Markets Stay Aways. The entire market used to be tethered to ETH as 80% of them are ERC20 Tokens that are structurally defined by Ethereum’s Momentum. Nowadays, it is just a fable. Ethereum was one of the markets most dumped coins falling close to 17% before cooling off. Nouvive has awarded ETH a SELL. 

What does the technical analysis say? 

  • ETH has re-tested the $150 area twice over the past several hours before bouncing upwards.
  • There are a lot of volume gaps at $159 – MORE THAN LIKELY it will see this area before a fall.
  • There mere fact that ETH crashed through the yearly lows of $165 means that it has broken down and we will see a further dump below to $101.
  • A look at the fibonacci area indicates that we will see ETH re-test the 0.618 fibonacci area – a fundamental area of cooling before proceeding down. There too are volume gaps there. Nouvive Intelligence sees ETH going to $164 before dumping again.
  • $164 is given as likely as a result of the imminent MACD cross-over that will give it enough positive momentum to shoot above the 15 MA line.

Nouvive issues a SELL for ETH with potential short-term trades to long till $164 before shorting.

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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)
$7144.9
0.00 RSI
-1.00%
--
Ethereum (ETH)
$143.33
0.00 RSI
-0.13%
--
XRP (XRP)
$0.22
0.00 RSI
-0.15%
--
Tether (USDT)
$1.01
0.00 RSI
0.14%
--
Bitcoin Cash (BCH)
$208.37
0.00 RSI
-0.72%
--
Litecoin (LTC)
$43.95
0.00 RSI
-0.26%
--
EOS (EOS)
$2.58
0.00 RSI
-0.85%
--
Binance Coin (BNB)
$14.48
0.00 RSI
-2.07%
--
Bitcoin SV (BSV)
$93.23
0.00 RSI
-0.17%
--
Tezos (XTZ)
$1.65
0.00 RSI
-2.01%
--
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