Ethereum and Litecoin trends remain as they were. DASHBTC has reached the bottom limit of the long-term flat, from which it may rebound up. ETH/USD
Ethereum’s price has formed a wave of an upward trend. The choice of direction has happened at the $12.2 resistance line. The following direction was decided at a level that we found earlier. A fortification and a turn have formed at that mark, during the fulfillment of the continued upward trend scenario. ETH/USD price chart 1 Ethereum’s price is fortifying at a key resistance line of $13.4. The future direction is most likely to be decided at that level. If the upward wave, which has started at $11, is just a wave of a flat, the structure of the upward trend will become the most likely to be disrupted at the level of $13.4. For the upward movement to continue, the structure has to remain intact. In that case, the odds will be on the side of a weekly upward trend. ETH/USD price chart 2 LTC/USD
Litecoin’s price is continuing its upward trend. Without forming a turn at the level of $4.5, Litecoin’s price has managed to form another upward wave within the trend. LTH/USD price chart 1 In case of the structure of the upward trend remaining intact, there will be a higher chance for the current trend to continue. The past week’s dynamics indicate that the bulls are keeping hold of the advantage. If the structure is disrupted, there will be a chance for a turn. That could happen at the point of the highest activity of the bulls – at the intersection point for several key instruments, at the level of $4.7. LTH/USD price chart 2 DASH/BTC
Dash’s price is approaching the bottom limit of the long-term flat. The structure of […]
