Bitcoin, EOS, Ethereum and Ripple Analysis: BREAKOUT

Bitcoin, EOS, Ethereum and Ripple Analysis: BREAKOUT
February 08 17:19 2019 Print This Article

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.

Screen Shot 2019-02-08 at 10.56.32 AM.png

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.

Screen Shot 2019-02-08 at 10.56.46 AM.png

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

Screen Shot 2019-02-08 at 10.58.44 AM.png

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.

Screen Shot 2019-02-08 at 10.59.57 AM.png

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

If you found this post informative, please:

upvote.gif

Open an Account on Binance here:
https://www.binance.com/?ref=16878853

Support the Crypto Ecosystem with Brave Browser:
https://brave.com/wor485

Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005

view more articles

About Article Author

Workin
Workin

From retired airline pilot to full time crypto trader. Trading cryptocurrency provided the means to walk away from a demanding career to enjoy time focusing on what's important in life - family and friends. Helping others navigate the volatile crypto market is an amazing bonus.

View More Articles
write a comment

0 Comments

No Comments Yet!

You can be the one to start a conversation.

Add a Comment