Ethereum Analysis (ETH/USD)
FRIDAY
9-AUG
Price took out all the nearby upside LQ and rejected.
It seems to be seeking the sell LQ now and possibly continue lower towards the W1 buy zone below $180
On the Daily, there are almost equal lows below and seem like the next target.
Price may find some support around $200 but as of now the momentum is bearish and any rallies above $220 could provide shorting scenarios.
What exchange do you refer to? Or is it like the market as a whole? I assume different exchanges will have different TA based on their geo-premium and what not.
I just follow Ether prices on CoinGecko and set some buy orders in case there's a discount.
Owh ya.. @coingecko is on Steem too! I'd assume you like to talk to them if you're interested in all the crypto trading stuff.
Bless!
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I'm using Bitmex data since it's the most liquid exchange and it controls the markets that are traded there.
Price Chart Ethereum on coingecko.com
Looks like any uptick on ETH/USD gets hammers immediately..
On the longer trend, it seems that most values are getting consolidated to Bitcoin and that may not likely reverse for some time.
Yes, it won't. The ETH/BTC pair is the main driver behind BTC and ETH and it looks like its bearish momentum is gonna continue until it reaches 0.01