An overview of the trading activities on the cryptomarkets. Studies on traded volumes, supply and demand situations, as well as periodic technical analysis of the most important crypto-currencies and indices, including the perspective of professional Traders.
Technical Analysis
Good Morning!
We have been seeing some developments in the charts since last week’s commentary, so I thought it would be good to follow up.
Ethereum ETH (daily)
The potential reverse shoulder-head-shoulder is coming back, and we are currently watching it play out. We broke the neckline, but the volume pattern is not textbook. We should have seen a spike by now. I am therefore treading the terrain with care.
Ethereum/Bitcoin ETHBTC (daily)
Here, however, we have a cross showing a promising bounce off of the lower leg of a symmetrical triangle. But there is not much volume here either. Still, we are above the baseline, and currently, we are even managing to print some prices above the very thin cloud.
We’re bringing you a short one today. I hope to have more time to go through more coins in the coming weeks.
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