BTC/USD pair tested the $4050+ price level, dropped 4% but it’s still the most valuable cryptocurrency,
Let's look at the Daily Time frame chart for analysis.
Bitcoin pair if stayed above $3792 then there is a possibility that bulls are not completely out of the game through the buying volume has not been promising.
Breaking $4400+ price level would be strongly bullish (buy signal) for the asset in the coming days/weeks.
If the support level $3558+ doesn't hold in the coming weeks then it would be early signs of the bearish(Sell) sentiments and breaking $3300 price level after that, would be strongly bearish (sell signal) for mid-term with a downside potential to $2400-$2800 price range.
Also, we could range between $3000 and $4400 price level before making a significant move up or down.
Ethereum pair tested preliminary resistance near $142 price level for the past few days but couldn't break above and has been trading below it.
Let's look at the 4Hour-Time Frame for the significant price levels.
Ripple/USD pair has been slowly dying (moving down) when compared to other major assets which have been trending up. It has dropped 6%+ against USD.
Let's look at the 4 Hour-Time Frame for the significant price levels.
There is not much to update on EOS price action since the last article as EOS/USD pair has been moving in a range between $3.55-$3.59 last week but has been among the top cryptocurrency list.
Let's look at the Daily chart time frame of the pair:
Early signs of the bear will be confirmed if the pair doesn't hold the $2.8 price level and breaking the last line of the defense around $2.1-$2.3 price level would be strongly bearish(sell signal) for mid-term and buyers can look for cheaper prices to get into the asset.
Litecoin pair against USD has been looking bullish overall for mid-term and might see a healthy correction downside for late buyers to enter into the asset.
Let's look at the Daily (D) time frame of the pair:
LTC/USD has tested/touched the preliminary resistance twice but couldn't break above it with diminishing buy volume. Also, there is a possibility of correction downside for short-term.
Breaking down below preliminary support area around $41-$39 price level would be early signs of bearish sentiments(sell signal) and breaking down below the major support areas around $30 would be strongly bearish for the pair in mid-term.
Overall we saw an analysis of the top 5 best cryptocurrencies 2019 with a focus on the upcoming price action for coming weeks/months.
Note: The above references are for information and educational purposes only. It is not intended to be a piece of investment advice.
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2019-08-12 07:22:02.257670 | 2 min
2019-02-27 10:58:43.567121 | 2 min