We have three of the major cryptocurrencies as follow, Bitcoin, Ethereum and Litecoin. Whichever one of these moves, we know the other will follow.
Recently Litecoin was taking the lead and now I see Ethereum trying to move first.
There are several signals that are pointing to an up move, and remember, if ETHUSD breaks up strong, we can expect Bitcoin (BTCUSD) to follow suit as well as Litecoin, Cardano, Bitcoin Cash, and the other major altcoins, as they have been linked for quite a while now.
Looking at the Ethereum chart, both the 4H and Daily time frames, we can see a noticeable increase in trading volume.
The next resistance is sitting at $142 USD (BitFinex). If this level breaks with strength and movement, you can expect a really positive week next week for the entire cryptocurrency market.
The smaller market cap. altcoins are already doing great numbers, and I remember back in 2017 seeing these alts breakup before the big ones.
So now we have many signals that are pointing towards a bull move...
We also have a bullish RSI and ETHUSD safely trading above EMA50.
Get ready, because the bulls are starting to WAKE UP!
Namaste.
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ETHUSD is leading and Bitcoin is now starting to do strong bullish action as well:
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The first target reached, but it looks like there is no stopping this, signals are telling me that it wants to go higher.
- EMA10 is now crossing up EMA50. - EMA100 (blue) was taken out easily.
Another great call from you Alan. Your prediction was right now. We're ridding this trade up with 33.25% gain and looking for a possible exit at resistance coming. Thanks for the great ta man!