Bitcoin is currently forming a possible bear flag on the 4hr chart. In order to invalidate this formation, the bulls would have to push the price back up with higher volume, but looking at the daily Stoch-RSI, it appears that buyers may be out of steam for the next few days, which would project further downwards price movement. Current levels to watch are the...
Ethereum is currently forming a possible Ascending Triangle, which may indicate a move towards the downside. Unless Ethereum is able to break above the $140 region within the next 2-3 days with high volume, there's a high probability that the price will break downwards towards the $120 region to re-test it as support. A bounce from the $120 region is likely, but...
Bitcoin on the 4hr timeframe shows a potential drop from a rising wedge formation. Currently there are multiple moving averages supporting the move upwards, but eventually a drop from the falling wedge is likely as the $4,000-4,200 area has shown significant selling pressure. The most likely scenario right now is a pullback towards the $3,700 region to re-test as...
Ethereum is currently facing heavy resistance from the upper trendline, moving averages, as well as the 0.5 Fib retracement level. Unless Ethereum is able to break above those resistances in the coming days, a decently strong sell-off may occur. I would suggest to retain a portion of your Ethereum holdings, but also discontinue any further buying until movement...
Bitcoin on the weekly timeframe appears to be tightening within two moving averages, 20MA as the resistance and the 200MA as the support. Bitcoin may attempt to test the 20MA (purple line) again in the near future, but moving above it would be very unlikely as the Stoch-RSI is currently overbought and is setting up for a cross, not to mention, the $4200 region...