CryptoCoinSpec

CryptoCoinSpec

ETH is compressing tighter and tighter on the 2 hour chart and needs to make a strong move above the 707 area. If it fails to do so, then 640 is likely its next resting point followed by 610. If ETHUSD can make the move above 707 then 740 is where you will likely see your first batch of sellers. Initial stops would be placed around 680 for position sizing...

CryptoCoinSpec

ETHUSD has been making higher lows on the 2 hour chart, but with each move higher is being hit with heavy distribution bars (yellow). If it's going to have any chance, ETHUSD needs to move above the 720 area on some heavy volume. Right now there's a strong chance that it doesn't make another higher low and falls below support at 676.40. Best of luck!

CryptoCoinSpec

LTCUSD is working its way to an inflection point, possibly in the next 5-7 trading days. Current daily trend is positive, but the price is trading below the downward trend line. Main trend support rests at 152.53, but a strong move above 200 and break of the downward trend seems necessary to resolve the inflection point to the plus side.

CryptoCoinSpec

BTCUSD had a clear trend change today on the 15 minute chart. After marking a second top (orange cross), BTCUSD then moved strongly lower and violated it's 15-minute chart trend. This move down puts BTCUSD under pressure on it's daily chart near the 8781.85 trend support. For now BTCUSD continues to hold, but the 8781 area should be used assess current trend...

CryptoCoinSpec

BTCUSD current trend is coming under pressure with trend support at 8781.85. A close below this and the main trend turns negative. The 15 minute chart is currently pointing to a high probably that our daily trend will change. One positive for BTCUSD is that it's relative strength does continue to improve relative to other cryptocurrencies. From a daily...