Bitcoin, Ethereum prepared for increased volatility

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Veröffentlicht am 14.09.2021

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And seem to be prepared for volatility after long consolidation. The central theses Bitcoin and Ethereum consolidate before their next significant price movement. Clear support and resistance levels were identified in order to anticipate an outbreak. Due to the ambiguity of the market, patience is crucial for investors. The two top cryptocurrencies after market capitalization, Bitcoin and Ethereum, stagnate without a clear indication of where they are going next. Bitcoin, Ethereum are in tight borders Bitcoin continues to consolidate, while its price campaign becomes narrower over time. The flagship cryptocurrency has formed a number of lower lows and lower highs since last week. Pulling a ...

and seem to be prepared for volatility after long consolidation.

The central theses

Bitcoin and Ethereum consolidate before their next significant price movement.
clear levels of support and resistance were identified in order to anticipate an outbreak.
Because of the ambiguity of the market, patience is crucial for investors.

The two top cryptocurrencies after market capitalization, Bitcoin and Ethereum, stagnate without a clear indication of where they are going next.

Bitcoin, Ethereum are in narrow limits

Bitcoin continues to consolidate, while its price campaign becomes narrower over time. The flagship cryptocurrency has formed a number of lower lows and lower highs since last week. Pulling a trend line through these fishing points leads to a falling wedge pattern. The Y axis of this technical formation predicts a 6% target in both directions.

A decisive hourly candle closure over $ 44,900 could lead to an upswing in the direction of $ 47,630, while a downturn under $ 44,000 could trigger a sale towards $ 41,330.

Ethereum also offers an ambiguous outlook, since its price movement was included in a descending parallel canal last week.

Whenever ETH reaches the upper limit of this technical formation, it is rejected and goes back to the lower edge of the pattern. From this point he tends back, which corresponds to the properties of a parallel channel.

Ethereum recently fell on the medium trend line of the canal and still has to recover to the upper trend line or fall on the lower trend line.

Cutting the resistance of $ 3,330 would probably lead to an interest bully impulse to $ 3,660, while dropping below the support of USD 3,000 could lead to the ETH falling to $ 2,730.

In view of the ambiguity that both Bitcoin and Ethereum have, it is essential to wait for confirmation before a long or short position is received. Patience can play a crucial role to benefit from the next significant price movement.

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Bitcoin, Ethereum prepared for increased volatility

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