This pair has gone bullish in the short term but has not yet broke up previous resistance line from the down-trend it is trying to break. If you want a more secure confirmation; 138.16 can be a good level.
Over the last 7 years, S&P 500 has respected EMA 200 + long term diagonal support; with very similar touch-points.
There is currently a challenging double top in the 295 area which might push the price down to consolidate between 257-295. The current channel is between 273-295 which if you want to profit, you would want to zoom-in a trade set-up with a lower...
Neblio failed to break down the falling triangle and it has crossed its previous minor high indicating a bullish trend. To be more safe, you could wait for 1800 level + 200 EMA cross.
Stop Loss: 1700
Link failed to break up all time high resistance line. Following a symmetrical pattern from its previous all time high; link seems to be forming a falling wedge to go back to its support at 0.65 levels.
There has been 2 instances where ETH skyrocketed. This last correction primary bearish trend line has been broken and formed a strong horizontal support. If .04-.042 resistance is broken up, ETH can have a third moon shot. Additionally, ETH is fundamentally strong; it has built a very large network where most crypto-projects have developed on top of this.
Recent sentiment has been bullish for Ethereum, but there has been a great increase over the past weeks and right now it is very volatile to confirm if this can continue with the rally or generate a correction.
My suggestion would be to wait until the blue channel is broken. My long-term forecast is bullish but we would need to wait for a correction in case blue...
Breaking down the diagonal line means it could retest support at around 10,000. A break into 10k, means that it has confirmed to have broken last LINK bull run and price could quickly decrease even more.
1st Level: 12500
2nd Level: 13250
3rd Level: 15800
Above 15800, Link will continue to follow its bull run.
Bitcoin has several Support points between 5000 and 6500. It has gained more adoption than its previous bubble ( 2013) and we can fundamentally say blockchain has future, it is just a matter of time to say when cryptocurrencies will recover from this crash caused by euphoria (similar to Dot Com Bubble).
The interesting point to discuss is to predict if bitcoin...