Bitcoin, EOS, Ethereum and Ripple Analysis: BREAKOUT

February 08 17:19 2019 by Workin

Bitcoin has been consolidating within a falling wedge these past couple weeks. Today it broke out of that wedge with a nice increase in volume behind it. Volume is no where near where it needs to be for a sustainable bull run, but that’s not to say it can’t get there.

EOS broke above the known $2.45 resistance. The next major area of resistance is $3.00. If it can remain above at least $2.70 today, it could be a sign this bullish move has legs.

Ethereum bounced nicely off the known $100 phycological support. It’s currently trading around $118. The next major area of resistance is $123 (Bitfinex).

Ripple broke out of it’s falling wedge and found resistance at $0.32. A break above $0.35 would signify a major shift in overall momentum in favor of the bulls.

In today’s video analysis I discuss, trade entry and exit points, where prices may be heading next, traps to avoid 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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