Cryptocurrencies trading analysis and signals for Bitcoin, Ethereum, EOS, Ripple
ETHEREUM
As predicted in our Ethereum top-down analysis the instrument is testing previously broken upside horizontal resistance 350-400 zone. It is forming an upside channel flag and is bouncing off the 380 support line. As long as the price action is above 368 we are targeting 480-500.
Bitcoin
BTCUSD has broken above the Inverse H&S neckline 10500 and a falling channel 9500. Resistance turned support now is 10500. Build a buying position against the 10300 targeting 17000. You can add more size upon a break above 12315 or here on a pullback channel bounce off 11300.
EOSUSD
EOSUSD is retesting the broken longterm upside resistance falling line 3.20 thus giving us a perfect chance to play on this reversal upside breakout as it should be played. Going long against 3.10. Among cryptocurrencies, this is the best RR trade.
XRPUSD-RIPPLE
Ripple has based and has broken above the long-term falling trend line 0.2120. The strong upside resistance remains 0.3259 and a break above will lead to a continuation higher to 5. Build buying positions for a breakout or buy after the clear confirmed breakout above 0.3260. The instrument has formed a bullish pennant for a continuation higher with clear support at 0.26.
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