• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

Cryptocurrencies Outlook – Monday, April 16

By Kurt Osterberg · On April 16, 2018

Discretionary outlook based on charts

The major cryptocurrencies are stuck in a long-term bearish pattern of “lower highs and lower lows”.

  • Bitcoin has broken above trendline resistance. Next resistance is at $9000.
  • Ethereum is bumping up against trendline resistance.
  • Bitcoin Cash is still going down in a “staircase pattern”.
  • DASH has broken out above trendline resistance. Next resistance at $430.
  • Bitcoin has broken above trendline resistance. Next resistance is at $9000.

    Although Bitcoin is still stuck in a long term bearish pattern of “lower highs”, Bitcoin has started to break above trendline resistance. This suggests that Bitcoin could make a bigger medium term bounce. Its next resistance is at $9000.

    Ethereum is bumping up against trendline resistance.

    Ethereum is weaker than Bitcoin. While Bitcoin has broken out above its trendline resistance, Ethereum is still stuck under this trendline resistance.

    Ethereum also has a confluence of other resistances at $570 (prior support and resistances).

    Bitcoin Cash is still going down in a “stair-case pattern”.

    Bitcoin Cash likes to crash, consolidate sideways, crash, consolidate sideways, crash, consolidate sideways… It goes down one level at a time.

    Bitcoin Cash has turned prior support into resistance. It has been unable to breakout from this resistance.

    Dash has broken out above trendline resistance. Next resistance at $430.

    Dash was one of the earliest cryptocurrencies to breakout above its trendline resistance. Its next resistance is at $430, which was prior support and resistance.

    Print Friendly, PDF & Email

    Share Tweet

    Kurt Osterberg

    You Might Also Like

    • Finance

      STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    • Finance

      NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    • Finance

      5 NFTs Trending on Twitter Going Cheap to Invest in Now

    No Comments

    Leave a reply Cancel reply

    Top Finance

    • 3 Best Large-Cap Blend Mutual Funds For Enticing Returns 3 Best Large-Cap Blend Mutual Funds For Enticing Returns
    • What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage
    • Hedge Funds In The US Hedge Funds In The US
    • 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement
    • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce

    New Posts

    • STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

      STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

      June 20, 2022
    • NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

      NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

      June 20, 2022
    • 5 NFTs Trending on Twitter Going Cheap to Invest in Now

      5 NFTs Trending on Twitter Going Cheap to Invest in Now

      June 20, 2022
    • Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

      Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

      June 20, 2022
    • Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

      Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

      June 20, 2022
    • About
    • Contact Us
    • Privacy & Policy
    • Sitemap
    • Terms of use

    Copyright © 2018-2021 NJCEE. All Rights Reserved.