Bitcoin

(Bitstamp:BTCUSD 1h)

After a small consolidation, Bitcoin made an attempt at a second leg up. However, it fell short of any significant levels and, after bearish divergence on both the RSI and MACD, pulled back hard. The main supports to watch are at $8450 followed by $8366. If we can't break downwards with this trend, then we will likely form a support zone, which could trigger a new long term bullish trend.

Ethereum

(Bitstamp:ETHBTC 2h)

Ethereum is still making strong counter-trend moves to Bitcoin, with a bounce off the 0.0742 support. Volume has been very choppy over the last weak, giving mixed signals. On one hand, high volume and volatility suggest that this isn't a bearish consolidation zone. On the other hand, the chop means that very few support levels are forming and holding. If we can see another break through the 0.0773 resistance that is actually held, then we can look once more at bullish positions, until then its best to wait it out.

Bitcoin Cash

(Poloniex:BCHBTC 2h)

As expected, Bitcoin Cash couldn't break resistance and instead made a pullback. We've dropped through the 0.1141 support, leaving the next support at 0.1097. There are 3 main possibilities here:

1. Forming a bullish consolidation closer to the 0.1192 resistance
2. Forming a bearish consolidation closer to the 0.1097 support
3. Dropping through support for another bearish leg

We'll have to wait and see where the market decides to signal, so its best to watch from the sidelines, but this is looking generally bearish over the short to medium term.

NEO

(Binance:NEOBTC 2h)

Neo couldn't hold support, breaking the 127% extension. While volume is still relatively low, this looks like the start of a slow drift into the floor. Support levels below this are extremely thin, as Neo saw an fairly unbroken bull run for nearly 1.5 months before consolidating. The major support to watch next comes at 0.00894.
If we break below this support, I will consider Neo to be in a longer term bearish trend, so I'll reduce coverage on it.

Litecoin

(Poloniex:LTCBTC 1h)

Litecoin could not hold the 0.01976 support in the end, instead bouncing from 0.01928. Volume continues to drop back to consolidation levels, so we're still in line to form a bullish consolidation here. Once we've got a confirmed support level we'll start looking for positions ready for the next bullish leg.

Monero

(Poloniex:XMRBTC 1h)

Monero is still following closely in Bitcoin's pullbacks, suggesting significant weakness. Volume spiked considerably on the most recent dip, suggesting a level of fear to the market. Since Bitcoin is the driving force here, it is best to avoid trading Monero until it has decoupled, as you'll just be trading Bitcoin's movements second hand.

Disclaimer

I will do my best to give unbiased, objective analysis, but I can make no promises about my accuracy.
All posts are based on my personal opinions and ideas and do not constitute professional financial investment advice.