Ethereum Shines Through The Bulls – ETH/USD trades at $194.45 at the time of the analysis and inclines at the rate of +2.26%.
The Cryptocurrency Market has drastic variations with sudden rises and dips in the past few days. The uncertainty pertaining to the market may be due to the lack of efficiency in decision making by suppliers and buyers. Currently, the cryptocurrency market has a bearish influence on all the altcoins. Ethereum Market is shining among the bulls. ETH/USD is putting all the efforts to win the bulls over the bears. The coin aims at testing new levels of areas of resistance above the old ones as the sellers are planning to oversupply.
ETH/USD Price Analysis And Forecast For September 16th, 2019 – Bullish trend. The couple Ethereum is further inclining at the rate of +1.21%. The moving averages at 193.62 indicate greens making its way up. The orange and blue MACD’s at 1.74, 1.83 indicate bulls. The RSI at 67.91 showcases it trying to cross the area of resistance. The price may range from $194.45 – $196.
Reverse effect of the above inclines depicts bearish trend influenced by the buyers. Then price may vary from $194.45 – $192.
Ethereum Takes A Dip – ETH/USD trading at $176.65 at the time of the analysis with declines at the rate of -1.02 gives way to the bears.
The cryptocurrency market has a major influence of bears with slight bullish influence for the past few days and has its influence on all of the alt-coins. Currently all the alt-coins are embracing the bears except Tether. Tether makes way to the bulls showing a rebellious nature. Ethereum is in a dilemma of bulls as well as bears since 1 week. This may be due to the unpredictable behaviour of the market lately. At present Ethereum is taking a dip in the ocean of bears. The coin is deviating from the resistance area and aims to reach existing area of support.
ETH/USD Price Analysis And Forecast For september 12th, 2019 – Bear ladder. The pair ETH/USD is sloping negative at the rate of -1.00%. The moving averages at 177.59 seeks the bears. The orange and blue MACD’s at -0.41 and -0.36 depicts the struggle to move away from bearish zone. The RSI at 39.59 gives a view of steeper dip making its way to area of support. The price may range from $176.65 – $174.
Reverse scenario would give a twist to the bearish zone and end up initiating the bulls. Then the price may range from $176.65 – $178.
Tron With Its Upward Rebel Effect – TRX/USD trades at $0.02237 at the time of the analysis and inclines at the rate of +3.16%.
The Cryptocurrency Market has drastic variations with sudden rises and dips past 3 days. The uncertainty pertaining to the market may be due to lack of efficiency in decision making by sellers and buyers. Currently the cryptocurrency market has a bearish influence on most of the altcoins except Tron and Binance itself. Tron dominates bears moving positive trend and rebel effect makes its way up to cross the resistance area. Tron moves upward in bullish trend as sellers are over supplying to reach new resistance. The coin aims at testing new areas of resistance.
TRX/USD Price Analysis And Forecast For August 8th, 2019 – Bullish trend. The couple TRX/USD is leading the trend to ascend further at the rate of +3.24%. The moving averages at 0.02186 indicate positive bullish trend lines. The orange and blue MACD’s depict positive upward stroke towards bullish trend. The RSI at 68.84 explains sellers playing along the bulls trying to cross the resistance and grow by over supplying. The price may range from $0.022377 – $0.022450.
Cancellation to the above inclines may change the rebel effect to monotonous move like that of altcoins towards the bears. Then price may vary from $0.022377 – $0.022300.