XBT is inching it’s way back to the ATH it challenged the other day. There is a resistance point just above the ATH which “might” knock XBT back down. However, I can’t discount the argument that a close above the ATH will create enough momentum to blow past that resistance. We will see soon I imagine.
Be alert. It sure looks and feels like we might be on the edge of something very exciting.
As indicated above, there is resistance at ~ 3100 which should not b ignored. However, the odds are quite good that momentum (as we pass the ATH) might make short work of that resistance. Stay alert…
ETH is slowly recovering from it’s sharp correction. An energy point approaches which will probably be an acceleration to the upside. First resistance, after it closes above the 1×1 angle in front of it, will be that 1st blue arc, near the recent swing high ~280.
LTC’s 8 hour chart looks quite bullish. It has consolidated above the first square, and now appears ready to advance toward that 3rd arc pair ~$64
A colleague has made a compelling case to me that it is time to watch XRP closely. There is a good chance it will go MUCH higher in the weeks ahead. For now, a run to 45 looks quite possible. However strong resistance ~ 28 must be overcome first.
XLM has closed above the 1st square and at the 2nd of the 1st arc pair. This is a bullish chart to be sure. Maybe XLM will finally get out of it’s doldrums…
ZEC is struggling with a 2nd arc pair. Until it gets through that, it will likely trade sideways. But it shouldn’t take more than a day or two to get through it…
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.