At the end of the DAO Token sale, the Ethereum course went down properly. Since 28 May, the course is again slightly on the rise and is currently at 11.20EUR (12.47 USD).
p> p> p> p> p> p>
- On May 28, the price recovered slightly and stood at 11.20EUR (12.47 USD). Currently, the Ethereum course runs through a flat triangle pattern, where a breakout is imminent or has already begun.
- Breath of the Bulls
Maybe an overinterpretation, but the pattern since May 28 has the character of a very flat triangle pattern. If it were, it would look as if the Triangle pattern would be broken upwards - which would mean a stronger rise. But be careful - since the pattern is very shallow, the breakout down is also possible. I would put an alert on the current EMA100; if this support line is broken, this would be a sign for a downtrend.
Likewise "with caution optimistic" is the MACD: it is currently positive. In addition, MACD line (blue) and signal (orange) are fighting over the last few days. Currently one had just a bullish crossover, which speaks for a short term upward trend. But beware: since May 28, ie since the abrupt rise, both MACD line and signal are sinking.After the MACD (second panel from the top) was highly positive until May 20th, it has been strongly negative since then and since then it has been weakly positive. Currently the MACD is negative - which is a negative course correction in the next time. Nevertheless, the RSI is overall positive: since 28 May the RSI is over 50 and bullish. Finally, the Accumulation / Distribution Chart is also suggesting a still further upward trend. Since May 28, buyers have prevailed - which suggests that the price will continue to rise.
So you can also expect a rising price after the DAO Token Sale. Background could still be the DAO token, after all, some Exchanges already implemented the purchase and sale of DAO tokens (About the DAO token sale and what now continues to happen is written elsewhere).
Disclaimer: The price estimates presented on this page do not constitute a recommendation to buy or sell. They are merely an estimate of the analyst.
[maxbutton id = "5"]
Image is created based on data from kraken com.