ETH, BCH, DASH, & EOS vs US Dollar week of 29th July 2018 [BTFD]
Quickly looking at some of the major Altcoins going into the week starting 30th July 2018
BTC Dominance: 47.4%, hitting highs for 2018, we see alts really bleeding hard, below is some ideas for the coming week and days ahead....
ETH/USD:
We have seen Ethereum lose some strength against BTC in the last week along with many other coins, COP (Cycle of Power) is showing us bullish sentiments as the grey colour and moving into the green, that's a positive for bulls and as its a pretty clear wedge that has formed which could go either way, breaking up or down out of the formation, If $435 breaks then we can expect to see the $400 area with a short or if it can break up alongside bitcoin rise and break $500, we can safely target $550 and above.
BCH/USD:
Bitcoin cash is in a rising wedge and showing strength to keep up with bitcoin, again can bgo both ways, if we break up over 850 with bitcoin rising we can expect hitting targets of $1k - $1.2k, if bitcoin breaks down and brings BCH with it shorts can be considered at below 800 and 700 or lower could be on the cards
DASH/USD:
Also showing weakness against BTC we can also see a small triangle and expect a move from this very soon. If DASH can get up alongside Bitcoin and breaks up over $280 then we can target $330/$350 but if bitcoin brings it down more and breaks support of $230 area we can see DASH coming down to $200, it has had big support at that level in last weeks. The COP went into bearish signals making the downside more likely
EOS/USD:
With mainnet now complete, airdrops and hype keeping EOS on par with Bitcoin in the last few weeks holding strength, its also forming a triangle on the daily and like the others can go either way and mostly likely dependent on btc movements, has good potential to move up to $16 but maybe we need to see $9/$10 broken first; Cycle of Power indicator is showing a bull sign and with some upwards movement we may get a golden cross too, looks good for EOS but if it does fail and come under $7 then possible to go down to $5 support
have a powerful week, please leave comments or give us a thumbs up and star to get any updates
BTC Dominance: 47.4%, hitting highs for 2018, we see alts really bleeding hard, below is some ideas for the coming week and days ahead....
ETH/USD:
We have seen Ethereum lose some strength against BTC in the last week along with many other coins, COP (Cycle of Power) is showing us bullish sentiments as the grey colour and moving into the green, that's a positive for bulls and as its a pretty clear wedge that has formed which could go either way, breaking up or down out of the formation, If $435 breaks then we can expect to see the $400 area with a short or if it can break up alongside bitcoin rise and break $500, we can safely target $550 and above.
BCH/USD:
Bitcoin cash is in a rising wedge and showing strength to keep up with bitcoin, again can bgo both ways, if we break up over 850 with bitcoin rising we can expect hitting targets of $1k - $1.2k, if bitcoin breaks down and brings BCH with it shorts can be considered at below 800 and 700 or lower could be on the cards
DASH/USD:
Also showing weakness against BTC we can also see a small triangle and expect a move from this very soon. If DASH can get up alongside Bitcoin and breaks up over $280 then we can target $330/$350 but if bitcoin brings it down more and breaks support of $230 area we can see DASH coming down to $200, it has had big support at that level in last weeks. The COP went into bearish signals making the downside more likely
EOS/USD:
With mainnet now complete, airdrops and hype keeping EOS on par with Bitcoin in the last few weeks holding strength, its also forming a triangle on the daily and like the others can go either way and mostly likely dependent on btc movements, has good potential to move up to $16 but maybe we need to see $9/$10 broken first; Cycle of Power indicator is showing a bull sign and with some upwards movement we may get a golden cross too, looks good for EOS but if it does fail and come under $7 then possible to go down to $5 support
have a powerful week, please leave comments or give us a thumbs up and star to get any updates
Trade active:
ETH was strongest here holding within its trends
others have fallen out to downside
now if bitcoin can hold around 7700 and start rising we may see some gains on the majors but with BTC dominance reaching 2018 highs, these trades are pretty risky to the upside and prob be best to watch for shorts if bitcoin breaks down below 7400
ETH was strongest here holding within its trends
others have fallen out to downside
now if bitcoin can hold around 7700 and start rising we may see some gains on the majors but with BTC dominance reaching 2018 highs, these trades are pretty risky to the upside and prob be best to watch for shorts if bitcoin breaks down below 7400
