ETHBTC dominated by bulls lifting the market higher throughout the day

Ethereum/BTC Index (ETHBTC) Technical Analysis Report for Sep 15, 2018

Highlights

ETHBTC dominated by bulls lifting the market higher throughout the day
ETHBTC pushes through previous session high
ETHBTC rises to highest close since September 6th

TQ Sentiment

Report Sentiment: 40% Bullish
Technical Forecast:

Overview

ETHBTC ended Saturday at 0.03415 gaining BTC0.00170 (5.24%). Today's closing price of 0.03415 marks the highest close since September 6th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Friday's high at 0.03403, Ethereum confirms its breakout through the previous session's high having traded BTC0.00067 above it intraday.

Daily chart for ETHBTC

Volatility

Saturday's trading range was BTC0.00249 (7.7%), that's slightly above last trading month's daily average range of BTC0.00216. Weekly volatility is also higher, being way above the markets average with the monthly volatility being slightly above average.

Support/Resistance

Prices are trading close to the key resistance level at 0.03584.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Order Flow

Buying might speed up should prices move above the close-by swing high at 0.03584 where further buy stops could get triggered.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for Ethereum/BTC Index

Loading Market Conditions for $ETHBTC (Ethereum/BTC Index)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Ethereum/BTC Index traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Market Movers

Related Crypto Currencies

BTCEUR 10 day candlestick chart for BTCEUR 5,441.06 65.44 (1.22%)
BTCUSD 10 day candlestick chart for BTCUSD 6,355.20 81.77 (1.30%)
ETHEUR 10 day candlestick chart for ETHEUR 179.69 10.34 (6.11%)
ETHUSD 10 day candlestick chart for ETHUSD 209.80 12.25 (6.20%)
LTCBTC 10 day candlestick chart for LTCBTC 0.00855 0.00019 (2.27%)
LTCEUR 10 day candlestick chart for LTCEUR 46.41 1.53 (3.41%)
LTCUSD 10 day candlestick chart for LTCUSD 54.28 1.88 (3.59%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!