Daily Crypto Update: Down Day For Most Major Cryptos

We got another negative day for cryptos. Most big ones went down between 1-3%. Lets go through them all. Here is Bitcoin:

Comment: The trendline broke here so we might fall back to 4100. There is still some support at 4200, but dont be surprised if we pull back a little bit more.

Ethereum

Comment: Ethereum was unchanged for the day and formed a doji-sign. That could be positive and indicate a move up tomorrow, but we will see. If it were to fail, I do think that it will fall back to 285.

Litecoin

Comment: Litecoin went down 1,5% today and it made a lower high and a lower low and that is a negative. So, if Litecoin will pull back further, we are looking at 49-50.

Monero

Comment: Monero fell 3% today. However, we made a higher low today so that could be a potential good sign for tomorrow. If we will be able to break out of the higher trendline we will probably head for 103 where we will find the next resistance.

Thats all for today, I am rather neutral for tomorrow, we have had 2 down days in a row so it really is a 50/50 situation we are dealing with.

Happy trading!