The market fell back after an increase as the BTC market failed at attacking the $7,000 mark. A divergence has shown up in the 30-mins chart of the BTC market, which means the adjustment is required. However, the MACD of the 4-hours chart remained bullish, if the support at $6,400 can be held, BTC is still likely to attack the pressure at $7,000 again. As we analyzed several hours ago, after the level of $6,000 was broken, each dip should be the buy-in point. We should focus on the support at $6,400, if it can be held, just hold it.
ETH surged after the level of $140 was broken, and divergence has also shown up in the 30-mins chart. Even it is expected to fall back by a little, but in the short-term market, longs is still strong. So, the divergence is likely to be fixed and arrange another boost again. The short-term support is located at $136. Buying in when dips is available while the current support can be held.
#BTC #BTCUSD #Cryptocurrency
ETH surged after the level of $140 was broken, and divergence has also shown up in the 30-mins chart. Even it is expected to fall back by a little, but in the short-term market, longs is still strong. So, the divergence is likely to be fixed and arrange another boost again. The short-term support is located at $136. Buying in when dips is available while the current support can be held.
#BTC #BTCUSD #Cryptocurrency
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Disclaimer
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.