ETH just broke the downtrend resistance line which holded ETH under from 8th July 2019. That line was offerim some support and resistance for 1,5 years now. But the most important point comes now. ETH/BTC is aproaching longterm resistance line, which held ETH under from 12th July 2018 . If the line holds than pull back is expected. But if it breaks than we could...
Lite coin penetrated through the resistance of sideways channel but it paused by the resistance ob 200 EMA (on daily chart). Small retracemnet is expected (RSI suggesting it) before making another try. But if LTC penetrates 200 EMA than a big move could happen. The line is thin and it could happen also without retracement so be prepared for jumping in. The volume...
BTC now moving up in uptrend channel. Seeing on the weekly chart we are well above 200 EMA and RSI is still looking good. If we look in the past the reversal of uptrend was always happening when the RSI was above 70. We gonna keep an eye on what's happening in following days.
