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Investment Analysis of Ethereum: August 14, 2020

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Monthly Chart   Observations  Current price is at around 400 which is near to a strong multi-year resistance range of 420-440 which needs to be broken by forming a long green candle to indicate uptrend strength. Fibonacci Retracements levels also confirm the importance of these resistance levels. The price is coming off a Double Bottom pattern near the 150 levels which further gives strength to the long-term uptrend continuation. Volume…

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How to trade cryptocurrencies with beginner-friendly technical analysis

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The novice crypto trader’s guide to market indicators Crypto traders use different technical indicators when analyzing a specific cryptocurrency of their interest. While there are hundreds of different options to choose from, traders must zero in on those indicators that work best for them. Advanced traders may sometimes combine several technical indicators with more subjective technical analysis such as analyzing charts as mentioned here to get trade ideas. These technical indicators are…

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