Bitcoin, EOS, BNB, LTC, ETH, BAT and XRP Analysis: Waiting for Larger Move

By Workin | Technical Analysis | 10 Jun 2019

$0.35 tipped


Bitcoin once again tested the $7,500 support yesterday. Bulls successfully defended it for a third time in the last 6 days. Predictably, price jumped to nearly $8,100 where bears once again defended resistance. This latest bounce happened on very little volume. This continues to suggest many traders are either sidelined or holding, waiting for a larger move.

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Price has been unable to decisively (daily candle open and close) break above the 21 day EMA....which is now confirmed resistance. A decisive break above would be significant in my opinion.

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Zooming in on the 4 hour chart, we can see the 8, 21 and 55 day EMA’s converging, as well as the 50 and 200 day MA. The Bollinger bands are also bottlenecking. This suggests a larger move may be coming in the next few days.

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In today’s video I analyze Bitcoin, EOS, BNB, LTC, ETH, BAT and XRP. We’ll discuss where prices may be heading next, key areas to watch, buy and sell targets and so much more. I hope you find it helpful.

Video Analysis:

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

 

Workin

Disclaimer: This is NOT financial advice. 

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Workin
Workin

Crypto: Hated by governments, banks and dictators. Loved by all those who believe in true freedom. Retired airline pilot...full time crypto enthusiast. #Freedom


Technical Analysis
Technical Analysis

Crypto: Hated by governments, banks and dictators. Loved by all those who believe in true freedom. Retired airline pilot...full time crypto enthusiast. #Freedom

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