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Big News! Cryptocurrency in the US GETTING EXCITING in 2021! | Ethereum Bullish in China!!

Big News! Cryptocurrency in the US GETTING EXCITING in 2021! | Ethereum Bullish in China!!

Big things are happening in cryptocurrency in the US 2021! Play, Ethereum adoption in China! Also, Bitcoin and Cardano making news! Let’s discuss!

iTrustCapital is a channel sponsor: A payment was made in USD for a certain amount of mentions on the channel

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Source: sgbitcoin.com


Ethereum Lacks Momentum Above $1,350, Why ETH Could Correct To $1,180

Ethereum Lacks Momentum Above $1,350, Why ETH Could Correct To $1,180

Ethereum is dealing with resistance close to the $1,350 stage towards the US Greenback. ETH worth may proceed to maneuver decrease in the direction of $1,200 or $1,180 until it settles above $1,350.

  • Ethereum is struggling to realize momentum above $1,350 and $1,375.
  • The worth is now buying and selling nicely beneath $1,350 and the 100 hourly easy transferring common.
  • There’s a key bearish pattern line forming with resistance close to $1,360 on the hourly chart of ETH/USD (information feed by way of Kraken).
  • The pair may lengthen its decline in the direction of the $1,200 help so long as it’s beneath $1,375.
  • After testing the $1,250 support zone, Ethereum began a contemporary enhance. ETH broke the $1,300 and $1,320 resistance ranges. It even broke the $1,350 stage and the 100 hourly easy transferring common.

    Nonetheless, the bulls did not preserve the worth above $1,350. A excessive was fashioned close to $1,375 and the worth is at the moment declining. There was a break beneath the $1,350 help stage. Ether is now buying and selling nicely beneath $1,350 and the 100 hourly easy transferring common.

    It’s testing the 50% Fib retracement stage of the upward transfer from the $1,246 low to $1,375 excessive. It looks as if there’s a key bearish pattern line forming with resistance close to $1,360 on the hourly chart of ETH/USD.

    Ethereum

    Supply: ETHUSD on TradingView.com

    On the draw back, a direct help is close to the $1,295 stage. It coincides with the 61.8% Fib retracement stage of the upward transfer from the $1,246 low to $1,375 excessive. The following main help is close to the $1,250 stage, beneath which ether may proceed to maneuver down in the direction of the $1,200 help zone and even $1,180.

    If Ethereum stays above the $1,295 help zone, there are possibilities of an upside break above the 100 hourly easy transferring common. The primary main resistance is close to the pattern line and $1,350.

    A profitable shut above the pattern line resistance and $1,350 may open the doorways for a contemporary enhance. The following main resistance is close to the $1,375 stage, above which ether worth will almost certainly climb above in the direction of the $1,450 stage. The main hurdle on the upside remains to be close to $1,500.

    Technical Indicators

    Hourly MACD – The MACD for ETH/USD is slowly gaining tempo within the bearish zone.

    Hourly RSI – The RSI for ETH/USD is at the moment nicely beneath the 50 stage.

    Main Assist Stage – $1,295

    Main Resistance Stage – $1,350

    Source: profinancialmarkets.com


    Ripple's Ethereum, Litecoin, and XRP - Daily Tech Analysis - January 26, 2021 - Tech Bollyinside

    Ripple’s Ethereum, Litecoin, and XRP – Daily Tech Analysis – January 26, 2021 – Tech Bollyinside

    Ethereum

    Ethereum slipped 5.46% on Monday. Partially reversing a 12.92% rally from Sunday, Ethereum ended the day at $ 1,317.97.

    A bullish start to the day saw Ethereum rise to an early morning intraday high and swing again to $ 1,477.30 before retreating back.

    Ethereum broke through the first major resistance level at $ 1457 before falling to a late intraday low of $ 1293.65.

    Avoiding the first major support level at $ 1,277, Ethereum returned to levels of $ 1,300 to limit the decline.

    At the time of writing, Ethereum was up 1.69% at $ 1,340.19. A mixed start to the day saw Ethereum drop to an early morning low of $ 1,301.05 before hitting a high of $ 1,340.19.

    Ethereum left major support and resistance levels untested early on.

    For the day ahead

    What future awaits cryptocurrencies?
    GOODBAD

    Ethereum is expected to move through the pivot level at $ 1363 to support a run to the first major resistance level at $ 1432.

    Support from the broader market would be needed for Ethereum to return to levels of $ 1,400, however.

    Barring a prolonged crypto rally, the first major resistance level and a swing of $ 1477.30 would likely cap any rise.

    In the event of another extended crypto rally, Ethereum could test resistance at $ 1,550 before any pullbacks. The second major resistance level is located at $ 1,547.

    Failure to break through the $ 1,363 pivot would bring the first major support level to $ 1,249 in play.

    Unless another extended sell-off, however, Ethereum should avoid levels below $ 1,200. The second major support level is at $ 1,179.

    A look at technical indicators

    First major support level: $ 1,249

    Pivot level: $ 1,363

    First major resistance level: $ 1,432

    23.6% FIB retracement level: $ 1148

    38.2% FIB retracement level: $ 944

    62% FIB retracement level: $ 614

    Litecoin

    Litecoin fell 2.86% on Monday. Reversing a gain of 2.43% from Sunday, Litecoin ended the day at $ 137.13.

    A mixed start to the day saw Litecoin climb to an intraday high of $ 147.69 early in the morning.

    Litecoin broke through the first major resistance level at $ 144.55 before retreating back.

    The story continues

    Facing the first major resistance level at $ 147.98 and 23.6% FIB of $ 148, Litecoin slipped to an intraday low of $ 136.62.

    Avoiding the first major support level at $ 135.78, Litecoin fell back to $ 137 to limit the loss for the day.

    At the time of writing this article, Litecoin was up 0.84% ​​to $ 138.28. A mixed start to the day saw Litecoin drop to an early morning low of $ 136.09 before climbing to $ 138.50.

    Litecoin left major support and resistance levels untested at first.

    For the day ahead

    Litecoin is expected to pass through the pivot level of $ 140.48 to support a run to the first major resistance level at $ 144.34 and the FIB at 23.6%.

    However, broader market support would be needed for Litecoin to break out of the $ 140 levels.

    Barring a prolonged crypto rally, the first major resistance level and 23.6% FIB of $ 148 would likely cap any rise.

    In case of a prolonged breakout, Litecoin could test resistance at $ 155 before any pullback. The second major resistance level is located at $ 151.55.

    Failure to go through the pivot level of $ 140.48 would bring the first major support level to $ 133.27 in play.

    Unless another extended sell-off, Litecoin is expected to avoid the second major support level at $ 129.41.

    A look at technical indicators

    First Major Support Level: $ 133.27

    Pivot level: $ 140.48

    First major resistance level: $ 144.34

    23.6% FIB retracement level: $ 148

    38.2% FIB retracement level: $ 125

    62% FIB retracement level: $ 87

    Ripple’s XRP

    Ripple’s XRP fell 2.13% on Monday. Reverse 0.62% gain of …

    • According to the source Ripple’s Ethereum, Litecoin, and XRP – Daily Tech Analysis – January 26, 2021
    • Check all news and articles from the tech news updates.

    Source: www.bollyinside.com


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