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Sideways in the triangle read

article KW04 – ETH course analysis:

Ethereum could recover from the fall in the last week and to rise to up to 948,95 EUR, but again fell and moves as a whole in a triangle pattern. 


Currently, the situation looks like a calm before the storm: after Ethereum has recovered, the currency crash of last week led the course in a sideways movement: it has according to a triangle pattern formed, which however tomorrow is completed . According to tense – also in the course of the coming review of the House white of course is pursued. Currently, it looks like the downward trend since the week maximum would be broken.

(second panel from the top) MACD is negative, but the MACD line (blue) for a short time the signal (orange).

(third panel from the top) RSI is located at 44 and is so bearish.

Overall, the situation in accordance with course and trend indicators is therefore neutral to bearish . It remains to be seen how the rate of support and the resistance of the triangle behaves patterns. Directly connected with the triangle should appropriately standing before this week’s most important support and resistance levels, which are estimated on the basis of a Fibonacci Retracements on the basis of the price fall of last week, pattern in the context Support and resistance lines are specified.

The support of the triangle is currently €780,69 patterns. The other important supports are described by the 23.6% FIB retracement level and the base at 754,51 euros and 630,80 euros. Falling under the 23.6% FIB retracement level would further confirm the downward trend tracked since January 20 to imply falling under the 0% FIB retracement level would be a harbinger of a sustained downward movement.

of the triangle resistance patterns is currently 845,96 euro. As in the case of support the other major resistances can be described by the Fibonacci retracement levels and are described by the 50% FIB retracement level, as well as the 61.8% FIB retracement level and be 892,90 euro respectively 954,76 euro. An upgrade of the former resistance would lift the rate again about the exponential moving averages of the last weeks of an or two, an upgrade over the second resistance about to as a first step towards test of all time highs see.

Disclaimer: The rate estimates shown on this site represent no buy or sell recommendations. You are only an estimate of the analysts.


image based on data from to 11:00 on the 24th January 2018 created

about Dr. Philipp Giese

 Dr. Philipp Giese Dr. Philipp Giese works as an analyst for BTC-ECHO and is on the areas of chart analysis and technology Specialized. Also he actively engaged in the crypto community – online as a central point of contact in the slack BTC-ECHO channel, as well as offline as a speaker and interviewer he always maintains the Exchange with startups, developers and visionaries. The PhD physicist can draw on many years of experience as a project manager and technology consultant. Philipp delights here not only for the technological dimension of Kryptowährungen, but also for the underlying socio-economic vision for many years.

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