Bitcoin, backed by a spike in volume, pushed up and out of the wedge it was consolidating in. It’s now testing the top of key resistance.
EOS has been able to hold above $4.30 for the third day. Price spiked close to major resistance at $4.50 where it was rejected. A decisive break above $4.53 would take out the local high and be a huge win for the bulls. For now, it’s consolidating between $4.30 and $4.50.
Ethereum has been bouncing between $130 and $140 for some time now. If it can decisively break above $150, we might see more upside.
Ripple is approaching the apex of a large wedge and looks poised to make a larger move in the next week.
In today’s analysis I discuss where prices may be heading next, possible traps to avoid, key areas to watch and so much more. I hope you find it helpful.
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!
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Disclaimer: I am NOT a financial advisor and this is NOT financial advice. Please always do your own research before investing.
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