Forexrobots24

forex advisor developer

BTC/USD & ETH/USD Maintaining Healthy Technical Structures

BTC/USD & ETH/USD Technical Outlook

  • BTC/USD hanging onto support
  • ETH/USD trading steady in channel
Advertisement

BTC/USD & ETH/USD Maintaining Healthy Technical Structures

BTC/USD is holding onto support during the current pullback. As long as it holds onto last week’s low at 62294, then the outlook remains constructive.

ETH/USD is trading in a nice, neat channel structure that makes its outlook a bit more attractive. Stay within the channel and the upside remains firmly intact. Break down out of the channel and the outlook won’t turn decisively bearish, but will warrant some caution.

For the full details, watch the video above…

BTC/USD Daily Chart

BTC/USD daily chart

BTC/USD Chart by TradingView

ETH/USD Daily Chart

ETH/USD daily chart

ETH/USD Chart by TradingView

Resources for Forex Traders

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

—Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX