Cryptocurrencies trading analysis and signals

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

 

Ethereum

Has reached the long-term Schiff Pitchfork channel upper resistance extension of 200% remarkable 3800 measured from a 2017  low of 20. This is also near the 150% Fibonacci extension from the 90 bottom level in 2020. It could be a time for profit-taking here and waiting for a pullback. Extension higher from here without a pullback will be a sign of a possible bubble.

Ethereum weekly chart

 

 

 

Bitcoin

BTCUSD is testing the confluence of the resistance after the bounce form 50000

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