Bitcoin, Ethereum teknisk analys: ETH lägre, som USD-vinster efter starka resultat för tredje kvartalet

Ethereum was back below the $1,300 level on Wednesday, as the U.S. dollar rose following better than expected quarterly earnings. So far this earnings season, Netflix, amerikanska banken, and others have outperformed expectations, highlighting what some view as the resilience of the U.S. ekonomi, despite the global slowdown. Bitcoin was also back in the red.

Innehåll

Bitcoin

Bitcoin (BTC) was trading lower on Wednesday, as prices continued to decline following a failed breakout of a resistance at $19,550.

Efter en hög av $19,655.75 på tisdag, which saw BTC/USD move past the aforementioned ceiling, prices slipped to a low of $19,144.77 tidigare idag.

Wednesday’s drop sees the token move closer to a breakout below $19,000, with bears likely targeting a floor of $18,900.

BTC/USD – Dagligt diagram

Bearish sentiment has largely been present during what many are calling “red October,” with BTC trading below $20,000 for the majority of the month thus far.

Tittar på diagrammet, the 10-day (red) moving average has extended its downward cross with the 25-day (blue), which could be a sign of further declines to come.

In addition to this, the 14-day relative strength index (RSI) is tracking at 45.50, on its way to a floor at the 44.00 punkt.

Ethereum

Like BTC, eterum (ETH) fell for a second consecutive day, as the token moved below the $1,300 level.

Earlier in yesterday’s session, the token was trading above a ceiling of $1,330, however after failing to sustain a breakout, bears reentered the market.

The world’s second largest cryptocurrency fell to an intraday low of $1,291.66, a day removed from hovering at a high of $1,332.49.

ETH/USD – Dagligt diagram

As can be seen from the chart, today’s decline in ETH comes as the 14-day RSI continued to fall from its own ceiling of 46.80.

För närvarande, indexet följer kl 43.47, with the next visible point of support close to the 36.00 område.

Should price strength continue to deteriorate, we could soon see ethereum move further into bearish territory.

Registrera din e-post här för att få veckovisa prisanalysuppdateringar skickade till din inkorg:

Taggar i denna berättelse

Could we see ethereum fall below $1,300 Denna vecka? Lämna dina tankar i kommentarerna nedan.

Elijah Dambell

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. För närvarande, he acts as a commentator across various asset classes, inklusive Crypto, Aktier och valuta.




Bildkrediter: Shutterstock, Pixabay, Wiki Commons

varning: Den här artikeln är endast i informationssyfte. Det är inte ett direkt erbjudande eller uppmaning till ett erbjudande att köpa eller sälja, eller en rekommendation eller rekommendation av någon produkt, tjänster, eller företag. Bitcoin-Tidings.com ger inte investeringar, beskatta, Rättslig, eller redovisningsrådgivning. Varken företaget eller författaren ansvarar, direkt eller indirekt, för alla skador eller förluster som orsakas eller påstås vara orsakade av eller i samband med användningen av eller tilliten till något innehåll, varor eller tjänster som nämns i denna artikel.

Läsa varning