Price increases by the bank. The clear winner: Ripple. But for Ethereum investors, too, the last few days have been anything but bad. The analyses were good for 73 and 50 percent performance.
Wacker holds Bitcoin. After a significant rise to 6,800 US dollars, the correction is currently underway. With the upward movement the Bitcoin came into the cloud of the Ichimoku-Kinko-Hyo-Indicator. For the time being, things did not go any further here. The trend-setting impulses are still missing. The US$ 6,000 mark is still holding. A sideways movement invites you to trade, but does not trigger large buy or sell signals. The sell signal of the moving averages has now been cancelled. The short-term downtrend has been overcome.
The price continues to rise and price losses below 5,877 US dollars do not occur. A short-term bottom was already found at 6,300 US dollars. A price increase over 6.800 US Dollar reaches the lower edge of the Ichimoku-Kinko-Hyo-Indicator. The cloud is only broken through with prices above 7,200 US dollars. On the way to the buy signal at 8,000 US dollars, multiple resistances have to be taken. Only then is the way clear for the following targets:
9.261 US Dollar
9,726 US dollars
11,540 US dollars
The lower cloud edge of the Ichimoku-Kinko-Hyo-Indicator sets the direction. The weakness of the Bitcoin continues. The opportunity to use the US$ 6,000 mark as a springboard was not seized. The US$6,000 mark is being tested. After this cannot be held, the 5,877 US Dollar is undercut and the target rate of 5,428 US Dollar is activated. A relapse below this level leads to exchange rate losses of 4,872 US dollars. A “sell-off” carries the risk of making a bottom possible only at USD 3,300.
Ethereum is at the top with 50 percent price gain if you have followed the ongoing analysis. A nice example of how you can earn good money with trading conditions.
After Ethereum narrowly missed the sell signal, the long setup came into play. The further condition from the “bullish variant” was not fulfilled:
“A rise above 263 US dollars completes the short-term bottom formation.
The high was generated at 255 US dollars. Thus one had to look for an exit here. Likewise, it is still too early to speak of a medium-term bottoming out. This would have been more mature if Ethereum had fulfilled the condition mentioned. The moving averages signal a sideways trend. The cloud of the Ichimoku-Kinko-Hyo-indicator continues to build up.