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Ethereum, NEO, Dogecoin Price Analysis – Sep 16




Ethereum climbed its charts by 7.7% in the past 24 hours, with the altcoin targeting its one-week high. Both NEO and Dogecoin showed signs of consolidation. NEO is up 2.6% and with a breakout of its side trade, it can knock down $ 54.01.

Finally, Dogecoin continued to consolidate after the liquidation that took place on September 7. It gained only 2.2% in the last 24 hours.

Ethereum [ETH]

Ethereum appreciated 7.7% and was trading at $ 3,626.94, as of press time. The overhead resistance for ETH was at $ 3715.04. Securing the aforementioned price level would mean that Ethereum would record a one-week high. Trading above $ 3715.04 would push the altcoin to retest $ 4033.46.

The technical data for the coin had signs of a bullish price action. the MACD in the image of green histograms. the Relative Strength Index It was above the 60 mark, indicating that the buying force grew as the price appreciated. the Bollinger Bands they were diverging: a sign of incoming price volatility.

A price reversal would lead to ETH falling to $ 3,387.06 and then to its one-week low of $ 3,190.56. If Ethereum falls below the aforementioned lows, it could trade near its one-month low of $ 2,956.87.

NEO

Ethereum, NEO and Dogecoin Price Analysis - Sep 16

NEO / USD, TradingView

NEO was up 2.6% and was valued at $ 51.74. The currency showed signs of consolidation over the past 24 hours. If NEO manages to push up, it could encounter resistance at $ 54.01. Breaking down the $ 54.01 level would mean NEO will record a one-week high. Additional resistance stood at $ 59.74 and a multi-month high of $ 65.86.




The token’s price remained above its four-hour 20-SMA. This indicated that despite the lateral trade, the momentum belonged to the buyers in the market. the MACD observed short-sized green histograms. the Relative Strength Index It was above the midline as the buying force remained bullish. Finally, the Chaikin money flow it was also observed above the median line, as capital inflows were positive.

If the buying pressure eases in the market, NEO could move south to rest at $ 45.49. Failure to trade above it could bring NEO close to its monthly low of $ 44.09. The other minimum price was $ 40.70.

Recently, NEO launched its Main network N3 which is supposed to enable smart contracts on NEO’s network in any coding language.

Dogecoin [DOGE]

Ethereum, NEO and Dogecoin Price Analysis - Sep 16

DOGE / USD, TradingView

Dogecoin has been trading sideways up 2.2% in the last 24 hours. The altcoin was priced at $ 0.244. If the coin manages to break out of its consolidation and reverse its price, resistance will be found at $ 0.270. Above the $ 0.270 price level, Dogecoin may attempt to retest its two-week high of $ 0.307. Additional price resistance awaited the alt at its multi-month high of $ 0.348.

All indicators pointed to price consolidation. the MACD shows short green histograms which are also an indication of the same. the Relative Strength Index It hovered just above the 50 mark, indicating that the buying force struggled to stay bullish. the Awesome oscillator a red signal bar blinked after a series of small green signal bars as the last trading session was red.

If the buying force does not stay within bullish territory, Dogecoin could drop to $ 0.239 and then $ 0.200.

This is a machine translation of our English version.




TAMMY SEWELL
Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: Tammy@oicanadian.com Phone: +1 513-209-1700

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