The market remained a strong uptrend as the longs took the lead. The performances of ETH, EOS, LTC were attractive while their changes were more than 6%. The BTC market hovered around the level of $7,300. The movements of the BTC market in the 1-hour and 4-hours chart were bullish. Even a divergence showed up in the MACD of the 30-mins chart, but we mentioned before, if the market can be held above the support at $7,200, after a short adjustment, it would be likely to challenge a new peak. The above pressure is located at the level of $7,600. In the short-term, buying in when dips while the support at $7,200.
ETH continued being bullish, and broke several pressures in a short period. The rising space has been activated. The market once surged to $176.3, and it was only one step away from the pressure at $180. However, the MACD of the 30-mins chart indicated that the market was on the process of the adjustment, but the short-term uptrend is strong. The adjustment is expected to be limited, after then, it is about to attack the above pressure again. Focus more on the support at $167.5.
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ETH continued being bullish, and broke several pressures in a short period. The rising space has been activated. The market once surged to $176.3, and it was only one step away from the pressure at $180. However, the MACD of the 30-mins chart indicated that the market was on the process of the adjustment, but the short-term uptrend is strong. The adjustment is expected to be limited, after then, it is about to attack the above pressure again. Focus more on the support at $167.5.
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Join our group: t.me/bitofferen
#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.