Cryptocurrencies

Bitcoin, EOS, LTC, BNB, BAT, ETH and XRP Analysis: Quick Update

Bitcoin has stalled, currently trading around $8,670. Looking at the weekly chart, it looks like price may test $8,400. If it does, bulls need to see this prior area of resistance start acting as support. Volume remains relatively strong at $25 billion.

Screen Shot 2019-05-28 at 11.33.06 AM.png
Screen Shot 2019-05-28 at 11.45.39 AM.png

We’re continuing to see bearish divergence on both the daily RSI and MACD.

Screen Shot 2019-05-28 at 11.41.55 AM.png

Regardless of short term price action, long term looks very bullish. The 21 week EMA has now crossed above the 55 week EMA.

Screen Shot 2019-05-28 at 11.34.44 AM.png

In today’s video I analyze Bitcoin, EOS, LTC, BNB, BAT, ETH and XRP. We’ll discuss where prices may be heading next, traps to avoid, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

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.

Workin

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YouTube: https://www.youtube.com/channel/UCJqGczdWE99ORopJ5ZUDauA
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