Cryptocurrencies trading overview – Ethereum, Bitcoin, Litecoin, EOS
Let us see where are the opportunities and market positioning in the cryptocurrencies.
Ethereum –Â 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 –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. The support is 8500.
Litecoin – the instrument is consolidating after the break above the 120 level for the upside extension into the 160. The support zone is now 120-130.
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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