Responsibilities at the Trading School and it’s chat community have prevented columns being written as often as I would like. However, there are markets on the cusp of (perhaps) breaking through resistance which you should be aware of.
Members of our chat community got out of ETH yesterday pretty close to the high, and re-entered about $25 lower. The chat community had noticed that price had hit resistance on at least one timeframe. It bounced at 1×1 support, and has since come back to test resistance. It is too early to say for sure, but it sure looks like it want to get past resistance and march on toward $400…
LTC is testing resistance on this long term chart. It is also too early to say, but it appears that it is likely to get through this resistance soon. If that is the case, this coin will likely out-perform.
This coin is on the edge of breaking out of arc resistance on this long term chart. Volume has been low, but with an energy point looming, this coin may get very exciting in the near future. Keep an eye on it.
Dash exited resistance very recently. It is also worth watching carefully, as there is a lot of room to move upwards before resistance is hit again.
EOS is a inexpensive coin which has an interesting chart. It recently passed through resistance and is nearing an energy point. It might be a good candidate or a trade soon.
There is not alot of price history for Neo, but what there is is quite bullish. There is alot of buzz about this coin in our chat community. It is a coin worth watching carefully.
BCH is the new kid on the block. There are obviously deep-pocketed people with a vested interest in keeping this coin from succeeding. It has held up very well for a coin that was supposed to die a premature death though. The chart is bullish, but I would not suggest buying any more until after it gets through resistance dead ahead.
Remember: The author is a trader who is subject to all manner of error in judgment. Do your own research, and be prepared to take full responsibility for your own trades.
Get free weekly updates sent to your email inbox by subscribing for our newsletter.
Join our trading community, risk-free.