Cryptocurrencies trading overview – Ethereum, Bitcoin, Litecoin, EOS
Let us see where are the opportunities and market positioning in the cryptocurrencies.
Ethereum – We are seeing a break above the 260 level which needs to be confirmed for a ride into the big long-term resistance 360. The support is 250-260 zone.
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Bitcoin – Instrument broke above the 11000 level and pulled back. A strong support zone is 10000-10600. Look here for a possible bounce higher. Deeper pullback could lead to 8600.
Litecoin – the instrument is consolidating after the break above the 120 level for the upside extension into the 160. The support zone is now 100-110. Look for a reaction here.
EOS – the instrument is breaking above the 5.70 level and is extending higher. This will act now as upside support. Now only a daily close below the 4.50 would invalidate an upside extension to 12.
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