Crypto Market Update - 16 April 2018 [Minor Correction/Pullback]

Here are todays' quick Crypto Market Update.

BTC - 12 Hour Chart

Tools used: Ichimoku Cloud, Stoch RSI, RSI and Trendlines

Today it seems like BTC is having a small pullback/correction. If this continues I would like to see it retest the key level support around $7,800 which will be higher low and provide more confirmation on this a bull trend.

ETH - 12 Hour Chart

Tools used: Ichimoku Cloud, Stoch RSI, RSI and Trendlines

Similar to BTC, ETH is having a minor correction around the resistance price level I mentioned yesterday. What I want to see is ETH holding its price around $520 which will make this prior resistance into support before making another rally out from this ichimoku cloud.

LTC - 12 Hour Chart

Tools used: Ichimoku Cloud, Stoch RSI, RSI and Trendlines

As BTC is having a minor correction so does LTC. However, as you can see there LTC breakout from its previous resistance and rally to the major resistance although it failed to breakout from the bull flag. Let see if LTC can bounce or at least hold and consolidate around its previous resistance.

Steem - 12 Hour Chart

Tools used: Ichimoku Cloud, Stoch RSI, RSI and Trendlines

So far Steem is holding close to the key level support I mentioned yesterday. And BTC's move will decide the next move on Steem.

If BTC makes a big move (regardless if it to the upside or the down side), Steem might have more correction to retest another key level support around 28K satoshis. And if BTC consolidates, Steem might probably follow.

Disclaimer

You know the drill guys. This is just opinion and not a financial advice. Do your own research and decide your own trades. Cheers!