FXOpen Broker

10+ years’
experience in FX

VISIT WEBSITE

Trading Accounts

ECN, STP,
Micro, Crypto

START TRADING

Free Demo

Practice Forex trading
risk free

OPEN DEMO ACCOUNT

PAMM Technology

Become a Master
or a Follower

JOIN PAMM SERVICE
Page 1 of 5 12345 LastLast
Results 1 to 15 of 68

Thread: Ether and Dash

  1. #1
    Moderator cool user Dangerous's Avatar
    Join Date
    Mar 2012
    Location
    In tHe heArt oF sPaMmeR
    Posts
    6,636
    Thanks
    449
    Thanked 1,235 Times in 766 Posts

    Default Ether and Dash

    Both Ether and Dash ended their uptrends this month. The two cryptocurrencies have been trading sideways during the second half of January but only recently they dipped lower. We haven’t entered a bear market yet but a strong downmove could push us in that scenario.

    Ether Ends Uptrend

    Ether prices dipped below the 0.01106 swing low last week, thereby ending the relatively brief uptrend. We are back in ‘no mans land’ here. Ether is quoted at 0.01069 at the moment. This is a percentage difference of just under 7% compared to two weeks ago. On the chart below the last 14 days are marked with a yellow rectangle to make it easier to stand out.

    read more at https://blog.fxopen.com/ether-and-dash-go-sideways/
    Kick OUT ALL Spammer
    I KnOw YoU HaTE ME

  2. #2
    Super Moderator
    Join Date
    Jun 2017
    Posts
    377
    Thanks
    22
    Thanked 1,046 Times in 257 Posts

    Default

    Ether in Downtrend After Major Losses

    It’s been tough two weeks for Ether. Since our last update, the fledgling crypto-currency lost over 26 percent versus bitcoin and even more versus the US Dollar.

    Ether in Downtrend After Losses

    After the recent large losses, ETH/BTC is now in a downtrend. The altcoin lost close to 30 percent versus the US Dollar and 26 percent versus bitcoin.



    Support on the way down can be found at this month’s low of 0.07574, followed by the 0.0631 swing low and the 0.05 round figure. On the way up we have resistance at the 0.10 round figure. A clean breakout above 0.11 BTC would end the current downtrend. A move above the 0.1259 swing high is needed for a new rally. On the long-term charts (weekly and monthly) ETH/BTC remains in a bullish trend.

    Fundamentally no major news transpired during the past few weeks. It’s possible that the flurry of ICOs during June is now leading to selling pressure. Two major ICOs, Status and Tezos, stated that they plan to sell the acquired Ether, albeit at a gradual pace.

    Another Unsuccessful Breakout in Dash

    Dash Prices are back in a range after yet another unsuccessful breakout, the third one in a row. On July 6th DASH/BTC peaked to a high of 0.08697. Three days later a low of 0.06674 was hit. We are currently quoted somewhat in the middle at 0.07285 BTC per coin.



    A new rally requires a decisive breakout above the high at 0.087 BTC. Yes, we already had 3 failed attempts to go higher. But with each failed test we get closer to a potential trend starter. For us it doesn’t matter which way the market moves. A break below the 0.0606 swing low would start a new downtrend while a move above 0.08748 could start an uptrend. In either case, following the market should pay off over the long-haul. On the long-term charts Dash/BTC is looking bullish as well.

    Bitcoin Remains in a Range

    A crypto update is not complete without mentioned big brother. Bitcoin is still stuck in a range on the daily charts. The two levels to watch are $2,245 on the downside and $2,700 on the upside. A clean break above either of these price extremes could start a new trend lower/higher. On the long-term charts BTC/USD is in rally mode, just like ETH/BTC and Dash/BTC.

    Open a Crypto Account and start trading with FXOpen.


    Source: FXOpen blog

  3. The Following 4 Users Say Thank You to Anrakitori For This Useful Post:

    haniam (07-16-2017), mannon (07-14-2017), Resolve (07-14-2017), پدران الوحشيّ (07-14-2017)

  4. #3
    Super Moderator
    Join Date
    Jun 2017
    Posts
    377
    Thanks
    22
    Thanked 1,046 Times in 257 Posts

    Default

    Ether Stays in Downtrend

    Ether continues its slow downward trend. It’s currently quoted at 0.07873, down from 0.08875 during our last update. This is a fall of 11.3 percent.



    As you can see on the chart above, it wasn’t smooth sailing for the shorts. Prices initially spiked to a high of 0.0111 on July 18th. This is the date when a list of new EEA members was revealed to the public. Notable names among the list include MasterCard, Cisco, and ScotiaBank. The news spike hit our potential trend-ending level at 0.011 but there was no clean break, only a 0.0001 tick above. Thus the downward trend remains on the daily charts.

    The bulls still need a decisive break above 0.011 to end the current bear phase. A breakout here would start a new uptrend as well. On the longer-term weekly and monthly charts, ETH/BTC remains in rally mode.

    Source: FXOpen blog

    Open Crypto account with FXOpen.

  5. The Following 5 Users Say Thank You to Anrakitori For This Useful Post:

    haniam (07-28-2017), mannon (07-28-2017), MELEK TÜRKOĞLU (07-29-2017), nicotien (07-28-2017), penaltev (07-28-2017)

  6. #4
    Moderator cool user hesham1046's Avatar
    Join Date
    May 2013
    Posts
    12,511
    Thanks
    1,859
    Thanked 451 Times in 285 Posts

    Default

    Ethereum price continues to build up the uptrend structure confidently. There has been a significant increase in demand around $200. This allowed the price to stay after the breakdown of the key level at the $220 area.

    USDT_ETH

    An upward trend from $176 will continue until its structure is broken. Breaking it would mean that the advantage is with the bears. At the moment, it might take place at around $210. If a large buyer keeps his positions at this trend, then after a pullback to this zone, we’ll see a rebound and the growth will continue. Otherwise, Ethereum price will form a downward turn.

  7. #5
    Super Moderator
    Join Date
    Jun 2017
    Posts
    377
    Thanks
    22
    Thanked 1,046 Times in 257 Posts

    Default

    Ether Slightly Up, Dash Range-bound

    It’s a mixed bag this Thursday for Ether and Dash. While Ether is trading a bit higher since our update last week, Dash continues to range.

    Ether Bounces From Lows

    Ether prices versus bitcoin bounced from the 0.058 lows on FXOpen to 0.081 right now. The lows on other exchanges were around the 0.066 level.



    Despite the bounce, however, we’re still in a downtrend on the daily charts. The bulls need a break above the 0.0844 swing high to end the current trend. A new rally requires a break of the 0.111 spike high as well. On the long-term weekly and monthly charts ETH/BTC is still looking bullish.

    Dash Range-bound

    We haven’t done a Dash update in a while due to lots of developments in the bitcoin space. Nonetheless, you haven’t missed much as prices here are still in a range. On the chart below we can see that DSH/BTC spent most of the past two months stuck between 0.06 and 0.08134.



    These remain as the two key levels for this pair. A decisive breakout above 0.08134 should start a new Dash rally. Note that, as usual, we’re looking for a sustained break of this price level and not just a brief and shallow spike above.

    A new downtrend needs a break below the strong support at 0.06 BTC. This level got tested twice already (at 0.0606 and 0.0602) on the daily charts and held strong so far. A clean break below here could lead to more gains to the 0.05 round figure and even below. On the long-term charts DSH/BTC is in rally mode as well.

    Source: FXOpen blog

    Start cryptocurrency trading with FXOpen

  8. The Following 3 Users Say Thank You to Anrakitori For This Useful Post:

    haniam (08-04-2017), mannon (08-04-2017), penaltev (08-05-2017)

  9. #6
    Moderator cool user hesham1046's Avatar
    Join Date
    May 2013
    Posts
    12,511
    Thanks
    1,859
    Thanked 451 Times in 285 Posts

    Default

    The $176.2 upward movement has limits. The trend structure has formed so that the turning point is not far from the current price; technically, the graph is going to a new level. The $230 area is the key level, where the entire $176.5 upward structure from may be breached; the trading volumes large number of pending purchase orders confirm it. This also might turn into a wave of the medium-term flat; then the biggest pullback level will be at the $230 mark. The price rise may remain, in the case of a pullback without any reversal. But the reversal at $230 will mean there is no support from the buyers. This way, Ethereum will form the next wave of the flat down.

  10. The Following User Says Thank You to hesham1046 For This Useful Post:

    penaltev (08-08-2017)

  11. #7
    Moderator cool user hesham1046's Avatar
    Join Date
    May 2013
    Posts
    12,511
    Thanks
    1,859
    Thanked 451 Times in 285 Posts

    Default

    Ether prices have gone up almost 10 percent since our last update. We have since broke above the 0.0844 swing high and thus ended the downtrend. Back then we penned the 0.111 spike high as a potential trend starter. Now that level is moved slightly lower to yesterday’s high at 0.09322.
    A decisive breakout above here could start a new #ETH rally versus #BTC. Resistance above here can be found at the 0.10 BTC round figure and the 0.111 spike high. On the lower end, we need a move below the 0.05875 swing low for a new downtrend. On the longer-term weekly and monthly charts #ETHBTC has stayed in a #bullish trend for most of this year.

  12. #8
    Super Moderator
    Join Date
    Jun 2017
    Posts
    377
    Thanks
    22
    Thanked 1,046 Times in 257 Posts

    Default

    Ether Nears Breakout, Dash Down

    We got a mixed bag today. While Ether is up against bitcoin, Dash is now in a downtrend. As usual, we will first go over ETH/BTC then come back to DSH/BTC later in the article. We have a bitcoin update at the end of this article as well.

    Ether Nears Breakout

    Ether prices have gone up almost 10 percent since our last update. We have since broke above the 0.0844 swing high and thus ended the downtrend. Back then we penned the 0.111 spike high as a potential trend starter. Now that level is moved slightly lower to yesterday’s high at 0.09322.



    A decisive breakout above here could start a new ETH rally versus BTC. Resistance above here can be found at the 0.10 BTC round figure and the 0.111 spike high. On the lower end, we need a move below the 0.05875 swing low for a new downtrend. On the longer-term weekly and monthly charts, ETH/BTC has stayed in a bullish trend for most of this year.

    Dash in Downtrend

    After some losses during the past seven days, DSH/BTC has now entered a downtrend. We are currently quoted at 0.0589 BTC, below the important 0.06 round figure.



    On the way down we have support at the 0.05 round figure. This is followed by a strong support area spanning several previous swing lows at 0.04728, 0.046, 0.0448 and 0.04303 BTC. A decisive breakout below the 0.043 BTC level could exacerbate the losses for Dash.

    Higher up the bulls need to break above the 0.06849 swing high to end the current downtrend. A move above 0.08 is needed for a new rally. Similarly to Ether, DSH/BTC has been in an uptrend on the weekly and monthly charts for most of 2017.

    Source: FXOpen blog
    Last edited by nicotien; 08-10-2017 at 05:37 PM.

  13. The Following 3 Users Say Thank You to Anrakitori For This Useful Post:

    mannon (08-11-2017), nicotien (08-10-2017), pattakorn (08-11-2017)

  14. #9
    Super Moderator
    Join Date
    Jun 2017
    Posts
    377
    Thanks
    22
    Thanked 1,046 Times in 257 Posts

    Default

    It’s a mixed bag for the two crypto-currencies we cover on Thursdays. While Dash is continuing the downtrend started last week, Ether is range-bound.

    Ether in a Range


    Ether prices failed to break above the 0.09322 swing high last week. A break of this level could kick-start a new rally. But after peaking out at 0.093 ETH/BTC saw continued losses every single day. We are now up to seven red (or black) candles in a row.



    Despite the losses however prices are still short of starting a new downtrend. For that, we needed a break below the 0.05875 swing low. Until either of these levels is decisively broken, ETH will remain in a range on the daily charts. On the longer-term weekly charts, ETH/BTC is range-bound as well. Prices are staying in a bullish trend on the monthlies.

    Dash Continues Downtrend

    Dash is continuing the downtrend that began last week with the break below the important 0.06 support level. We are currently quoted at 0.055 Dash per BTC, down by 6.1 percent since our last update.


    The trend lower will remain in force until we get a breakout above the 0.06858 swing high. A new uptrend requires a move beyond the 0.08 BTC level.

    On the lower end, we have support at the 0.05 round figure. This is followed by a strong support area consisting of several previous swing lows at 0.04728, 0.046, 0.0448 and 0.04303 BTC. A clearing of this area with a move below 0.043 could exacerbate the losses for Dash. On the longer-term charts, DSH/BTC remains in a bullish trend.

    Source: FXOpen blog


    Cryptocurrencies trading with FXOpen broker.

  15. The Following User Says Thank You to Anrakitori For This Useful Post:

    mannon (08-17-2017)

  16. #10
    Moderator cool user hesham1046's Avatar
    Join Date
    May 2013
    Posts
    12,511
    Thanks
    1,859
    Thanked 451 Times in 285 Posts

    Default

    In the last analysis, we discussed the importance of $13.50 support for ETC price against the US Dollar. The price recently dipped towards $13.50 and found support at $13.60. It also failed to stay below the $13.60 level and the 100 hourly simple moving average. As a result, there was a rejection and the price moved back above the $14.00 level. It broke the 23.6% Fib retracement level of the last decline from the $15.50 high to $13.60 low.

    It seems like there is a key ascending channel pattern with support at $14.00 forming on the hourly chart of ETC/USD. It might play a major role for further gains above $15.00 in the near term. At the moment, the price is struggling to settle above the 50% Fib retracement level of the last decline from the $15.50 high to $13.60 low. Moreover, there is a short-term ascending channel with support at $14.40 forming.

  17. #11
    Super Moderator
    Join Date
    Jun 2017
    Posts
    377
    Thanks
    22
    Thanked 1,046 Times in 257 Posts

    Default Dash Spikes Higher, ETH Still in Range

    Dash prices spiked higher on August 19th and ended the two-week long drawdown. Ether, on the other hand, remains locked in a range versus BTC.

    Ether Still in Range

    While both ETH and BTC continue to clock gains versus the U.S. Dollar, against each other they’re trading flat. Ether is quoted at 0.0745 BTC right now, slightly up compared to prices one week ago.



    The two important levels haven’t changed much. On FXOpen charts we’re seeing a spike to a low of 0.05495 on August 23rd. But this crash was instantly retraced and could’ve been the result of a bad tick. Thus the key level on the downside remains at 0.05875 BTC. A breakdown below here would start a new downtrend in prices. As usual, we’re looking for a decisive break, not just a brief and shallow spike below/above the levels.

    On the upside, the figure to watch remains at 0.09322. A breakout above here could start a new ETH rally. Not far from here we find the first notable resistance at the 0.1 round figure, followed by another important level at 0.111 BTC per coin. A break of this level could lead to more gains higher up. On the long-term charts ETH/BTC is bullish on the monthlies but range-bound on the weeklies.

    Dash Breaks to the Upside

    The nearly two-week long downtrend in DSH/BTC ended with a large green candle on August 19th. This candle broke the 0.06858 level, penned in our previous article as a trend-ender. It also began a new upward trend in prices.



    The news driver behind the large move seems to be the signing of a partnership with the Arizona State University. Dash is launching a ‘Blockchain Research Lab’ which will be hosted at ASU’s Fulton College of Engineering and will focus on scalability, mining centralization, Blockchain security and energy efficient mining. More on this HERE.

    The rally faces resistance at the 0.07802 spike high. This coincides with the previous swing high on July 24th (0.07809 BTC). A breakout above here could extend the move higher to the 0.08 round figure and possibly beyond.

    On the lower end, we’re looking at 0.048 BTC level as a potential trend-ender. Support above here can be found at the 0.05 round figure. On both longer-term charts (weekly and monthly) DSH/BTC is trending higher as well.

    Trade crypto with FXOpen broker.

    Source: FXOpen blog

  18. The Following 5 Users Say Thank You to Anrakitori For This Useful Post:

    haniam (08-25-2017), hesham1046 (08-25-2017), mannon (08-25-2017), Prezident (08-25-2017), پدران الوحشيّ (08-25-2017)

  19. #12
    Super Moderator
    Join Date
    Jun 2017
    Posts
    377
    Thanks
    22
    Thanked 1,046 Times in 257 Posts

    Default

    Ether Remains in Range

    Despite the large gains in ETH/BTC however, the pair is still trading inside that range. We hit a high of 0.08423 yesterday, far below the 0.09322 swing high.



    Like we said last week, a breakout above here is needed for a new rally. Higher up the first important resistance is at the 0.1 round figure, followed by another important level at 0.111 BTC per coin. A break of this level could lead to more gains.

    On the lower end the bears are looking at 0.05875 BTC. A breakdown below here could start a new downtrend in prices. On the weekly charts ETH/BTC is range-bound as well. On the monthlies the pair is still looking bullish.

    More Gains for Dash

    Dash continues to rally against BTC. The altcoin is up by 9.4 percent this week to 0.07810 BTC. Five days ago prices hit a high of 0.0943 BTC but have since retraced sharply as bitcoin gained ground.



    The bullish trend on the daily charts will remain in place until the 0.068 BTC swing low is taken out. Resistance on the way up can be found at the 0.087 swing high, followed by the 0.0943 swing high. Higher still the 0.1 BTC level is another potential resistance where prices could stall/reverse.

    On the lower end we have support around 0.068 – 0.07 BTC per coin. This is followed by the 0.06 and 0.05 round figures. A new bearish trend requires a break below the 0.0442 BTC swing low. On the longer-term weekly and monthly charts DSH/BTC is still in an uptrend.

    Source: FXOpen blog

  20. The Following 3 Users Say Thank You to Anrakitori For This Useful Post:

    mannon (09-01-2017), MELEK TÜRKOĞLU (09-01-2017), پدران الوحشيّ (09-01-2017)

  21. #13
    Moderator cool user hesham1046's Avatar
    Join Date
    May 2013
    Posts
    12,511
    Thanks
    1,859
    Thanked 451 Times in 285 Posts

    Default

    DASH fell apart over the weekend and going into Monday, as China has announced a ban on ICOs. This is caused a ripple effect throughout the crypto currency world, and crypto currencies are getting absolutely pounded. At the close on Friday, the markets were looking very healthy. However, we have lost 25% since then, and there doesn’t seem to be in and to the selling. Waiting for some type of stability for at least 24 hours is the only play I see here.

  22. #14
    Super Moderator
    Join Date
    Jun 2017
    Posts
    377
    Thanks
    22
    Thanked 1,046 Times in 257 Posts

    Default

    The rally in Dash prices continues to lose steam. We are currently quoted at 0.07439, down from 0.07820 last week. Ether on the other hand remains locked in its range.

    Ether Still in a Range

    Ether is still trading inside that month-long range. We are currently trading at 0.07158, down by over 10 percent since last Thursday. However as you can see on the chart below, this wasn’t enough enter a bear market. We simply moved from the top of the range toward the middle.



    A major upgrade in the ETH network is coming at the end of September. Metropolis will decrease the mining reward but also lower the block time, leading to a slight decrease in the level of inflation. You can read more about the coming Metropolis hard fork HERE. This news event could be just what Ether needs to finally break out of its funk.

    A breakout above 0.07 BTC (slightly above the 0.08621 swing high) could start a new ETH rally. Higher up the first notable resistance is at the 0.1 round figure, followed by another important level at 0.111 BTC per coin. A break of this level could lead to more gains.

    On the lower end the bears are looking at 0.05875 per BTC. A breakdown below here could start a new downtrend in prices. Our chart above shows a lower low at 0.05495 but this spike low is not present on other charts. On the weekly charts ETH/BTC is range-bound but on the monthlies the pair is still looking bullish.

    Dash Rally Loses Steam

    The rally in Dash continues to lose steam. We’re now quoted at 0.07439, down from 0.07820 last week. In percentage terms, this is a decline of close to 4.9%.



    We narrowly avoided a break below the trend-ending level at 0.07. A move below here could terminate the fledgling rally. A new bearish market could commence if we break the 0.054 BTC level. Resistance on the way up can be found at 0.08134, followed by the 0.087 swing high and another swing high at 0.0943 BTC. The 0.1 round figure is another potential resistance level. On the weekly and monthly charts Dash is still bullish.

    Start crypto bitcoin trading with FXOpen.

    Source: FXOpen blog
    Last edited by Anrakitori; 09-08-2017 at 11:57 AM.

  23. The Following User Says Thank You to Anrakitori For This Useful Post:

    mannon (09-08-2017)

  24. #15
    Super Moderator
    Join Date
    Jun 2017
    Posts
    377
    Thanks
    22
    Thanked 1,046 Times in 257 Posts

    Default

    ETH/BTC not Fazed by Drama

    Both Ether and BTC are down sharply versus the U.S. Dollar. But against each other there has been little price change. We are currently quoted at 0.06928 BTC, down by only 3 percent compared to last week.




    On the lower end the bears are looking at 0.06630 per BTC. A breakdown below here could start a new downtrend. On the higher side, the ‘number to beat’ is 0.085, a breakout above here could lead to a rally in prices. On the weekly charts ETH/BTC is range-bound but on the monthlies the pair is still looking bullish.

    If you want to become a crypto currency trader, join FXOpen.

    Source: FXOpen blog

  25. The Following 3 Users Say Thank You to Anrakitori For This Useful Post:

    haniam (09-15-2017), hesham1046 (02-02-2018), mannon (09-15-2017)

Page 1 of 5 12345 LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Bookmarks

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Disclaimer
2022 © FXOpen. All rights reserved. Various trademarks held by their respective owners.

Risk Warning: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

FXOpen Markets Limited, a company duly registered in Nevis under the company No. C 42235. FXOpen is a member of The Financial Commission.

FXOpen AU Pty Ltd., a company authorised and regulated by the Australian Securities & Investments Commission (ASIC). AFSL 412871ABN 61 143 678 719.

FXOpen Ltd. a company registered in England and Wales under company number 07273392 and is authorised and regulated by the Financial Conduct Authority (previously, the Financial Services Authority) under FCA firm reference number 579202.

FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.

FXOpen does not provide services for United States residents.

Join us