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. We are seeing a break above the 260 level which needs to be confirmed for a ride into the big long-term resistance 360
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Bitcoin –Â Instrument is breaking above the strong resistance 8000 level. Now only daily close below the 7800 level would lead to a substantial pullback into the upside support 5800. The upside target is 11800.
Litecoin – the instrument has broken above the strong upside resistance 95-100 zone, which will act as upside support. The next target is 140.
EOS – the instrument is breaking above the 6.70 level and is extending higher. This will act now as upside support. Now only a daily close below the 6.72 would invalidate an upside extension to 12.
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