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Daily Financial Market News

Tue, 21 Nov 2017 16:30:00 GMT

Ethereum Price Rally Stalls Ahead of Key Resistance Targets

Ethereum Price Rally Stalls Ahead of Key Resistance Targets Search DailyFX Home Rates Charts News Market News Real-Time News Daily Briefings Forecast Market Alerts DailyFX Authors Articles Market News Headlines Ethereum Price Rally Stalls Ahead of Key Resistance Targets U.S. Dollar Begins Test of Key Resistance Zone as Bulls Remain Bashful DXY Index Firms Up, but Still Stuck in Range Technical Analysis Analysis Technical Analyst Picks Support & Resistance Daily Technical Reports Pivot Points Sentiment Articles Algorithmic Trading Technical Analysis Headlines DAX Technical Analysis: Trading in Tight Window of Support & Resistance EUR/GBP Technical Analysis: Move Back Below 0.88 Hinted Ahead ASX 200 Technical Analysis: Retreat Finds Support But It Must Hold Calendars Economic Calendar Webinar Calendar Central Bank Rates Dividend Calendar Forex Economic Calendar Time Event Actual Forecast Rates Charts Education Education Beginner Intermediate Advanced Expert Free Trading Guides DAILYFX PLUS × Get the best parts of DailyFX.com in the new DailyFX App Download × Join Us For Our Free Webinars Get daily market analysis from our in-house experts Choose from more than 25 webinars each week Put your questions to our experts in real-time Q&As Register now Want to hold off on improving your trading? Click here to dismiss. × Get Your Free Trading Guides With your broad range of free expert guides, you'll explore: The basics of forex trading and how to develop your startegy Foundational knowledge to help you develop an edge in the market What's ahead for major FX pairs, Gold, Oil and more Download a Free Guide Want to hold off on improving your trading? Click here to dismiss. EUR/USD Low High View More Note: Low and High figures are for the trading day. News U.S. Dollar Begins Test of Key Resistance Zone as Bulls Remain Bashful DailyFX US AM Digest: US Dollar Bobs Back and Forth; Euro Weakens DXY Index Firms Up, but Still Stuck in Range GBP/USD Low High View More Note: Low and High figures are for the trading day. News DXY Index Firms Up, but Still Stuck in Range Asia AM Digest: British Pound Gains on Brexit Breakthrough Hopes GBP/USD Marches Toward Monthly-High (1.3321) Ahead of BoE Testimony USD/JPY Low High View More Note: Low and High figures are for the trading day. News DailyFX US AM Digest: US Dollar Bobs Back and Forth; Euro Weakens DXY Index Firms Up, but Still Stuck in Range DailyFX US AM Digest: Euro Retakes Earlier Losses; Dollar Stable at US Open Gold Low High View More Note: Low and High figures are for the trading day. News DailyFX US AM Digest: US Dollar Bobs Back and Forth; Euro Weakens DXY Index Firms Up, but Still Stuck in Range Technical Analysis for Gold, Silver, Crude Oil, DAX & More Oil Low High View More Note: Low and High figures are for the trading day. News Technical Analysis for Gold, Silver, Crude Oil, DAX & More Crude Oil Prices Eye Inventory Data as Gold Awaits Yellen Speech Gold Prices May Continue Higher as German Coalition Crumbles BITCOIN Low High View More Note: Low and High figures are for the trading day. News Bitcoin Rallys Through $8,200; New Crypto Market Cap Record Bitcoin Soars Then Retreats; Good News Continues Bitcoin Momentum Continues, Hedge Fund Giant Signals Interest View More More Real-Time News Facebook Twitter Youtube Google + Ethereum Price Rally Stalls Ahead of Key Resistance Targets by  Michael Boutros, Currency Strategist  Short term trading and intraday technical levels Connect via: To receive Michael’s analysis directly via email, please SIGN UP HERE Ethereum takes out initial resistance targets- Broader focus is higher while above 315 Check out our 4Q projections in our Free DailyFX Trading Forecasts Join Michael for Live Weekly Strategy Webinar s on Mondays at 12:30GMT ETH/USD Daily Chart Technical Outlook: We’ve been tracking this rally in Ethereum prices since the breach above the November opening range earlier in the month with the advance already taking out initial targets at 350 & 362. Critical topside resistance objectives are eyed at the high-day close at 385 backed by the record high at 405 . Interim support now rests back at 349 with bullish invalidation now raised to 315/20 . A break below the monthly open at 304 would be needed to put the bears in control. New to Forex? Get started with this Free Beginners Guide ETH/USD 24 0min Chart Notes: A closer look at price action shows Ethereum breaking above channel resistance before checking this slope as support last night. Note that the near-term momentum profile looks a bit tired here and leaves the immediate advance vulnerable. Bottom line: while we could see some pullback from here, the outlook remains weighted to the topside and we’ll favor fading weakness while above 315. Join Michael on Friday for his bi-weekly Live Webinar on the Foundations of Technical Analysis- Register for Free Here! Why does the average trader lose? Avoid these Mistakes in your trading --- Other Setups in Play NZD/JPY Range Break Targets Fresh Monthly Lows GBP/USD Consolidation Breakout Imminent U.S. Dollar Sell-off Targets Initial Support - Written by Michael Boutros, Currency Strategist with DailyFX Follow Michael on Twitter @MBForex or contact him at mboutros@dailyfx.com DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Related Articles Previous Articles From scalping report Related Prev Articles   U.S. Dollar Begins Test of Key Resistance Zone as Bulls Remain Bashful   DXY Index Firms Up, but Still Stuck in Range   Crude Oil Prices Eye Inventory Data as Gold Awaits Yellen Speech   Aussie Dollar May Fall Further, Pound at Risk on BOE Testimony   GBP/USD Marches Toward Monthly-High (1.3321) Ahead of BoE Testimony   NZD/JPY Range Break Targets Fresh Monthly Lows   GBP/USD Consolidation Breakout Imminent   U.S. Dollar Sell-off Targets Initial Support   Ethereum Price Breakout Underway   EUR/USD Responds to Initial Support- Recovery to Offer Opportunity Advertisement Upcoming Events Economic Event Importance Actual - Forecast - Previous Importance Actual - Forecast - Previous Forex Economic Calendar A:  Actual   F:  Forecast     P:  Previous NEWS Articles Real Time News Daily Briefings Forecasts DailyFX Authors TECHNICAL ANALYSIS Articles Analyst Picks Support & Resistance Pivot Points Sentiment CALENDAR Economic Calendar Webinar Calendar Central Bank Rates Dividend Calendar EDUCATION Forex Trading University Trading Guide DAILYFX PLUS RATES CHARTS RSS Past performance is no indication of future results. 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