Cryptocurrencies trading analysis and signals

Cryptocurrencies trading analysis and signals for Bitcoin, Ethereum, EOS, Ripple, Dogecoin

 

Ethereum

Has reached the long-term Pitchfork channel upper resistance line 2670 resistance and has been rejected from it since as you can see on the Monthly chart. We have seen in the previous week’s test of the consolidation rectangle 2180 low and the instrument is now testing 2550 again. We could see an ongoing consolidation here unless we get a break above 2600 with a confirmation.

Ethereum monthly chart

Ethereum price action trading strategy

Bitcoin

BTCUSD is testing the confluence of the support 514000

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