ETHEREUM & BITCOIN WEEKLY OUTLOOK (05 JUNE 2018) FORECASTS

ETHEREUM by Trade Genius

-EOS may convert their ETH holdings. Look for market movement. 4 billion $ was acquired on the ICO.
-Signal currently is for shorts to be successful on the upper channel.
-Bounce on four hour indicator. Buy signal on the hourly and bullish if break out of resistance.
-Otherwise more choppy up and downs.

BITCOIN

-$7800 level tested and movement is sideways. Target was $7750
-Average range has shrunk
-Price and volume is contracting, consolidating
-Price is being held within a tight zone (market manipulation)
-Retest old resistant and trend lines expected
-Full retrace to $7300 possible. Use a very small stop
-Target up would be $9,000 area
-Expect bounces and retesting before momentum increases
-Look for BIG daily bar off of support for move up and follow through
-Downtrend overall. Breakouts have not been sustainable
-Small bounce up before ongoing consolidation, roll over
-Short term oversold. Bounces up for scalpers indicated

Source
Trade Genius
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