Ethereum testing the trend line on daily chart . If trend line will hold support BITSTAMP:ETHEUR could go for ATH , otherwise correction is going to take place and we should stay away till the market stabilizes. Then buy at lower level .
We can clearly see ascending triangle forming on KRAKEN:BCHEUR 4H chart. An ascending triangle is a bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher,...
BITSTAMP:XRPEUR is having huge trouble at major resistance line , always bouncing back to support or trend line. Hopefully BITSTAMP:XRPEUR going into escrow account untill the end of this year will help crushing that resistance line. With more good news like NYSE:AXP last month more people will recognize BITSTAMP:XRPEUR as a good investment and the price...
On previous idea about BITSTAMP:BTCEUR I foresaw that there is a pullback in progress coming in the coming days. It reached 0.382 retracement level and started to rise again. Hopefully more institutional investors will recognize BITSTAMP:BTCEUR as a good asset and will actively start investing it in.
After reaching ATH the bulls are getting tired and collecting some of their profits. Bitcoin had already a quick correction yesterday , but today its starting to decline further. Probably it will test lower support levels in next days and we will have the opportunity to buy low.