BTCUSD 4HR ANALYSIS (BITSTAMP)
As expected price has broken out of the corrective structure to the downside, we should now see $580 area being swiftly tested and once there a possible break to the downside out of the large corrective structure would see the price plunging further down.
Key Levels:
Support: 580
Resistance: 610
ETHBTC 4HR ANALYSIS (POLONIEX)
Etherium continues the up trend and is expected to rise further once again before we see any downside in the short term.
Key Levels:
Support: 0.02169019
Resistance: 0.02777635
XRPBTC 4HR ANALYSIS (POLONIEX)
Ripple continues to correct down after the big impulse up and we can expect price to go down slowly towards bottom trend line of the large corrective structure. Even though prone to small spikes to the upside along the way down it is not expected to be sustained.
Key Levels:
Support: 0.00001014
Resistance: 0.00001254
LTCBTC 4HR ANALYSIS (POLONIEX)
Litecoin is currently forming a corrective structure that has the possibility to break down too, but a break to the downside would be limited and I am still in favor of a bigger move to the upside.
Key Levels:
Support: 0.00624713
Resistance: 0.00637951
XMRBTC 4HR ANALYSIS (POLONIEX)
Monero has broken our of the channel to the upside as expected, currently pulling back slightly as a correction but should be held around 0.01569541 if it is to reach that lower and is once again expected to go up as a new up trend develops.
Key Levels:
Support: 0.01569541
Resistance: 0.02347388
ETCBTC 4HR ANALYSIS (POLONIEX)
Etherium classic is looking like it is forming a bottom in the down trend and so far attempts to below this area have held, we can now expect price to go up once again. If we are able to make it above 0.00254179 it would signal a stronger up trend and we will see further upside.
Key Levels:
Support: 0.00196219
Resistance: 0.00254179
Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment or trading advice. The author does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be held liable for any loss incurred.
About me: I specialize in trading market breakouts, if you like my analysis and want to see analysis in other areas like forex, commodities and indices you can find me in tradingview.com here or contact me through my website www.thepiphunter.com