TRXBTC has printed a double top in daily chart which is a negative sign for TRX . Charts tend to go down after double tops. We could expect the same here by TRX too, on the other hand TRX has already made very good gains it came from 0.00000300 to 0.00000860 it is almost 3X it could be time to sell it.
This only for educational purpose make your own research...
BCHABCUSDT is forming a falling triangle in 4 hourly chart that most probably will break down in couple of days. I would wait for key levels to form before opening any position in BCHABC. At the same time it is getting resisted by 50 MA
This is a pretty slow week BTC is mowing sideways but BTC is holding well on MA 50 in 4 hour chart, it has tested
MA 50 as support and proved also. Since BTC wants to go upwards ADA will follow BTC . Let's look into 4 hour chart.
ADA is also above MA 50 this looks good for now. MACD shows also a bullish cross over so I would expect same upwards...
ADABTC was in an ascending channel but as you can see in the hourly chart it broke down. Right now the bottom of that channel acting like resistance because BTC is likely to go down.
It is important for ADA to go over the bottom of that channel and test it as support than it will turn positive but I think right now it doesn't look good.
ETH has been performing very good recently the question was if it will keep moving upwards. I think it most probably will do though. ETH is about to built a cup and handle which is a strong bullish sign. If ETH moves side ways for a while handle formation will finish. We should watch if this formation will full filled. If ETH goes up this will cause a...
we are in 4 hour chart of EOS. It is moving in this channel for a while. EOS had drastically lost value in recent drop so EOS will try to get it back. On the other hand Ethereum is doing well this is a good environment for platform coins. As long as Ethereum goes up EOS will follow the trend.
Please don't forget this is only educational analysis...
BTC is moving in a triangle this is most likely to result in a breakout. If this breakout happens with increasing volume than it could push BTC to low 5,000 somewhere. There we have to look again how it will look like.
Please don't forget this is only educational analysis make your own research before you invest into something.
We hit the expected support level of 4,900. Let us wait some time to see if it stays there. If this support doesn't work then BTC will go much lover.
This is worse than a bearish market, it can lead to total crash of crypto markets