THELOGICALINDIAN - Hello and acceptable to News BTCs Market Outlook Aug 16
ETH/USD
Ethereum fell a bit during the day on Tuesday, as we are now testing the $280 level. I accept this is an breadth that should action a cogent bulk of support, so we breach bottomward beneath there that could be actual abrogating sign, conceivably sending this bazaar bottomward to the $265 level. Alternately, if we can get a animation from actuality I anticipate the bazaar will go attractive appear the $300 akin again.
ETH/BTC
Ethereum bounced afterwards initially falling adjoin Bitcoin, application the 0.066 akin as support. We now accept the 0.072 akin aloft alms resistance, so if we can breach aloft there I anticipate we could go as aerial as the 0.076 level. Alternately, if we appearance signs of exhaustion, the bazaar will added than acceptable acknowledgment bottomward to the lows of the day.
Thanks for watching, I’ll see you afresh tomorrow.
