▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
#bitcoin #crypto #cryptocurrencies
Technical Analysis for Bitcoin, Ethereum, and Litecoin. Step by Step.
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Here’s a breakdown of my analysis for Bitcoin, Ethereum, and Litecoin. Bitcoin is still below the $7,200 and nothing will change on the long-term perspective until BTCUSD managed to close on the Weekly above this level. At the moment, there are signs that this latest rally may end up as relief into resistance.
Ethereum has recently rebounded from the bottom of its Ascending Triangle which is promising. However, it has rallied 14% into resistance which is the blue diagonal. This has been a level that has plagued ETHUSD since August. However, every time ETH managed to press past the diagonal resistance, it has enjoyed exponential rallies towards the upside.
Litecoin is following through on its historical price tendencies and is respecting the $40.80 level as a support, despite wicking deeply below it for a brief moment. If the weekly closes above said level, it could enjoy some further upside next week.
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▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
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