Cryptocurrencies trading overview – Ethereum, Bitcoin, Litecoin, EOS
Let us see where are the opportunities and market positioning in the cryptocurrencies.
Ethereum – the instrument is testing the strong resistance 180 level. This level needs to be broken by a daily close for the upside continuation. Break above the 144 level is indicative and is telling us that the consolidation bottom might be ending. Support now is 140-160 zone. Only a daily close below the 150 level would invalidate the upside extension. Be careful here with the long trades.
Bitcoin – Instrument broke above the strong resistance 6000 level and is now reaching the next strong long-term upside resistance 7500-7800 zone. Look for an upside continuation only on a daily close above the 7800. Pullback will lead to a fall into the 5800 level-
Litecoin – the instrument has broken above the strong upside resistance 50-67 zone, which will now be a support. Look for a pullback into the mentioned support zone before an upside continuation. Only a daily close above the 100 will lead to an upside continuation
EOS – the instrument is breaking above the 4.45 level for the upside extension. Look for a pullback into the support zone 4-4.5 for the long trade entries.
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