If ethereum is not able to breakout and instead falls in price, it could be held by the support trendline or by the 50-three-day MA that sits around $140.XRP. Since the beginning of the year, XRP has staggered within a trading range without any major price movement.
The H&S will be validated if XRP breaks below the "Neckline" or support line at $0.28 with significant volume, but it will be invalidated if the price moves above the height of the right shoulder at around $0.78.
A break above the top of the resistance line could take XRP to new yearly highs while a break below the support line could take it to lower lows.
A target is given by adding the height of the flagpole, which is around 52 percent, to the top of the flag sitting around $290. At the time of writing, bitcoin cash is trading at $352, which is very close to the ultimate target given by this pattern.
After reaching a high of $100, it failed to break major resistance at $97, after which it pulled back to support at $67.5.
LTC has now started inching up again in tandem with BTC. If LTC is able to break above the $97 resistance level, the next resistance level sits at around $150. Failing to break above the current level could take it back to the $67.5 support level or even the $50 support level.
Following the break of the $2.90 resistance level, EOS has reached the $6 target given by the pattern.
On the three-day chart, EOS is trading between the 100-three-day MA-serving as support-and the 200-three-day MA, acting as resistance.
A break above resistance could take EOS to higher highs, while a break below support could take it down to test the 50-three-day MA.Overall sentiment.
If these cryptocurrencies are able to break the different resistance levels described above, it could trigger a rally that allows them to trade at more favorable rates against BTC. The overall sentiment of the market, as the charts indicate, is bullish.
Altcoin outlook: ethereum, XRP, bitcoin cash, litecoin, EOS technical analysis
에 게시 됨 May 13, 2019
by Cryptoslate | 에 게시 됨 Coinage
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