Given the recent run of BTC, and the stalling of Alt Coins, we could definitely see a loss for market domination over the next few weeks for BTC. BTC is currently retracing and testing supports at $8100 from it recent run, which may give way to the opportunity of alt coins. The overall look of longs/supports has changed. The market sentiment has shown to move...
The market for XRP has been overly bearish, even compared to it's largest competitor Stellar. I do believe this is being oversold do to the news of Stellar and Coinbase, and it hasn't reached potential growth like other alt coins.
It seems a Head and Shoulder formation is starting to form, which would signify the reversal in the market. I have set a couple of...
I wanted to focus on the markets, Accumulation and Distribution. I definitely think that this review of the Longs and Shorts present will mean a lot in the near future for ETH. I posted a response below using ht Bollinger Bands and a support/resistance study, that expressed promise as well. With the two combined I would hang onto ETH for a good bull run.
Looks like we may be finding the bottom on ETH. Though we are testing the double support, if it doesn't bounce off I do believe we could see lows of $350-$380 as early as August. It seems though we will coming back to our average, and once we do we should see a bull run. I think as much as $810 by Sept. 1st, 2018
I think we have had strong momentum here in the past month to prevent us from hitting the lows of $5,000 as many are stating. Our moving averages have turned enough to maintain good support and resistance at $7400 and $6100 for the time being. This month we will not be breaking the $7400 resistance, but I do feel a strong upward movement is on the way. $8200, 9/10/18?
