ETH correlation with BTC has the bears in control last night. Recently it appears the correlation is present over 90% of the time, so it is hard for the bulls here to gain attention as we are still 30% from all time highs and BTC has much less in terms of resistance. Without news or some other events to break the correlation, ETH remains at the mercy of BTC. I...
Attention is on ETH but as we see ETH consolidate from very overbought hourly RSI levels, we could keep an eye on BTC here for a potential bull break and 4 hour bull MACD cross. No entry without bullish momentum in my opinion. Currently all cash and watching for sighs the bulls are showing up.
Based on the hourly chart I think QWARK will be making a move- Trade at your own risk
After 6 days of consolidation from all time highs, we are getting the first signs that the bulls are ready to confirm they have established the higher low on the daily chart. We must see a break of $42 to confirm this, but we are seeing our first signs on the hourly with a higher low set and some bullish action following it. If we get a break of $42 we will look...
Monero (XMR) is threatenng to break out on the upside. There is heavy support for it hear from the Inchimoku indicators and the moving averages This represents a good BUY opportunity. Hope that helps, Sean Vengan, Cryptotrading Mastery Professional Cryptocurrency Trader and Trading Educator
Ethereum structure has now changed to the upside. It has broken out of the Bear Channel and it is now a good BUY - if you are short, stop and reverse. Entry, stop loss and Target marked on the chart. Looking for a 3:1 Risk Reward. Kind regards, Sean Vengan Cryptocurrency Trader and Trading Educator
XRP has done its time, paid its price. It has apologized for its past transgressions, and promises better behavior moving forward. See the chart for its short term goal at 11800-ish. Look for the MACD to cross up on the Daily -- the RSI has already indicated it is ready. POLONIEX:XRPBTC