Ethereum (ETH) Finds Near-Term Support After Latest Sell-Off

Ethereum Chart and Talking Points – Fibonacci retracement support taken out with ease. – Descending trend line still in charge of market direction. Ethereum Treads Water After Latest Sell-Off The latest Ethereum (ETH) sell-off saw a major Fibonacci support level taken out convincingly, leaving the market vulnerable to further falls in the medium-term. The 78.6% […]

Bounce Over for Cryptocurrencies? A look at Ethereum, Ripple & Litecoin

The other day we highlighted the weekend reversal bars carved out across the cryptocurrency spectrum, making note of how it should lead to further upside in the short-term. However, we are already seeing those bounces fizzle and the likes of Ethereum, Ripple, and Litecoin look headed towards taking out their respective key-reversal daily lows. If […]

Cryptocurrency Analysis: Bitcoin, Ethereum Prices Plunge into Support

To receive Michael’s analysis directly via email, please SIGN UP HERE Talking Points Bitcoin (BTC/USD) 240min Chart Technical Outlook: The price of Bitcoin plummeted today, breaking a near-term consolidation range that has held since the July 20th high. The decline is now approaching initial support at the confluence of former median-line resistance (blue) & the […]