Cryptocurrencies trading overview – Ethereum, Bitcoin, Litecoin, EOS
Let us see where are the opportunities and market positioning in the cryptocurrencies.
Ethereum – the instrument has broken above the 180 level and has reached the next strong resistance 260 level. We have a triangle formed here which could lead to a pullback or to continuation above/below 260. A daily close below 250 level will lead to a pullback into the 200 support.
Bitcoin –Â Instrument is reaching the strong resistance 8000 level. A daily close below the 7400 level would lead to a substantial pullback into the upside support 5800.
Litecoin – the instrument has broken above the strong upside resistance 50-67 zone, which will now be a support and is reaching a key 95 level of resistance. A daily close above this level could lead to an extension higher into 140.
EOS – the instrument is breaking above the 4.45 level and is reaching the 6.70 level. This is a strong upside resistance where we could have a pullback. Only a daily close above the 6.72 would lead to an upside extension.
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