Analysis of the cryptocurrencies market - July 7th, 2017

in #bitcoin7 years ago (edited)

The most valuable coins are still trading in very narrow ranges today, as last week’s correction still dominates the market, although the low volatility environment more resembles a continuation pattern than a pause before another leg lower. “Never short a dull market” is an old but reliable truth of trading, and the long-term charts are also pointing to a bottoming process for Ethereum and Bitcoin.

Bitcoin price is testing the ascending triangle resistance, still deciding whether to make a bounce or an upside breakout.

Litecoin already continued its bull market after the correction, in fact, it got close to a long-term target, while Dash also broke out to new highs this week, before entering a short-term correction. The other majors are yet to make a significant move, so let’s how their charts shape up before the weekend.

Follow, Resteem and VOTE UP @keks blogger of https://steemit.com and always I hope for your help.

Sort:  

Interesting to read, will keep an eye on your posts

Coin Marketplace

STEEM 0.29
TRX 0.11
JST 0.033
BTC 63945.57
ETH 3135.76
USDT 1.00
SBD 4.00