EOS, LTC, ETH & ADA All Turning

I have spoken about the potential higher low on many of the top-10 and over the last week or so some have turned and are looking very nice for trading indeed. Other’s require more time to confirm the move. Either way, it’s nice to see Alt’s making some moves against BTC and USD

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By Trader Cobb -

G’day everybody out there. I just wanted to do a quick run through the top 10 as I see it. Right now, of course, a bit going on. Let’s be fair, Bitcoin, I really wanna see it pushed to a new high, break above this level. Get me that higher low, push to a new high high micro trend and then push above 11 thousand, we’ve held above this level don’t roll over, continue higher.

I won’t be too interested in trailing until we either break down through here, or up through here, it’s just not quite good enough. A very ugly looking chart right here on the 4-hour and if you go lower, there’s nothing that makes any more attractive or, tell you that much.

Ethereum

Across to Ethereum, of course been performing very, very well of late as you can see here. I’ve talked about the chart structure before, a higher low one, higher, higher, higher, low two, pushing on, and a really nice extended run with a couple of very strong days there. I did talk with 200 being the number to beat and break. It’s hit it, it’s held it, we’ll see what happens going forward. Now of course, a little pull back into the cradle zone right here, and a push to 200 has occurred.

Problem is, is on the two-hour that was on the trade wars and that was at two O’ clock in the morning when that triggered, if you are in the northern hemisphere, that may have been one for you, but all else having a fair few Z’s at the time. Pull back in right now might be worthy, but I’ve got to keep on a eye on that 200 level, but if we break up through 200, then certainly it’s on the cards. Deeper pull backs on the 8-hour also in play.

EOS

EOS! Broke up through, who didn’t get a trade on that resistance, but if you were someone who did take this eight hour cradle you’re looking quite good right now. Moving down now to the daily time frame again, higher low, higher, higher, pull back in, move. Very strong, very nice looking cyclicity here on this chart.

XRP

Ethereum the same, EOS also blending in with that higher low and higher high. Over to Stellar right now, very average not doing great, D.O. can skip past that quite quickly. Oh, good to see; XRP has pushed to a new uptrend. Well, higher low, higher low one, higher low, pushed through the resistance, broke into new higher highs. Let’s move lower. As it’s sort of just below there right now, you can see the rough level of resistance running sort of, I mean if you go back here it’s not perfect, but you can see it, yeah?

You can see what I’m looking at there. The problem is lower high, lower low, pushed to a new higher high, I’m looking for that cyclicity to carry through, for me to actually be looking for potential long trades here. Let me just check on Fibonacci here, there, and from there to there. Not bad in there, worth considering if you know that strategy, there’s no doubt about that! On to Litecoin, also another market that has pushed on.

Have a look here, the charts structure once again on these alts: higher low, higher higher, higher low, higher high, not run quite as strong, as Ethereum, but we are up through this 71-ish level, and pushed above this high, so it is also very much on my radar. I want to say the cyclicity pulled, I would say another pull back, and then another higher high, because, higher high, lower low, higher high; not ideal.

And if we move lower, it’s also not really what I’m after there, but a nice daily reversal of trend into uptrend. Bitcoin Cash needs to break up through this resistance point right here, it’s trying to do so right now, of course apart from that; big spike, higher low, high, higher low, push above this level here, and again that’s another market that’s of interest for me; as it is right now, not so much of an interest.

Bitcoin Cash, Binance, Tether

Moving from Bitcoin Cash, to Binance against our Tether, it’s starting to climb back, it’s had a fairly hard time of late; driving lower, and a bit divergent on these lows, no doubt about that, and nothing for me on 4-hour. Tron, we can see here it has, sitting right on that reversal to trend point high or low, need that higher high to push on and get that consistency, look at that convergence, beautiful there on the daily, want to see it push a bit further before I actually look for any trades.

Cardano

Cardano, again another one. Higher low, just ticking through to a higher high, so another one that’s just ticked through. The 4-hour here, need to see it above this, a little bit better perhaps a pull back in there would open opportunities, but not quite just yet. And finally BSV, well the only thing on BSV is potentially a short. Not really in love with the indicators on the daily, the 12-hour a bit messy, so nothing too much there.

There is movement; there is reversals of trends, we’ve got EOS, Ethereum, we’ve got XRP, Litecoin, Bitcoin Cash, and Cardona all around that point of a reversal. Does that mean we’re about to hit alt season? I’m not suggesting that at all. I’m just suggesting that a lot of the charts right now, outside of Bitcoin, are looking a hell of a lot more bullish, and that might turn in to something. We need to take our time to just check out that going forward. Have a cracking day guys, I’ll speak to you very soon, bye for now.

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