Bitcoin

(Bitstamp:BTCUSD 2h)

After a holding below the 38.6% resistance for a while, Bitcoin made bullish candle to $8900, although so far it hasn't kept going. Volume is still pretty low for a bullish leg, so I would be surprised if we broke the $9490 and $9892 resistance levels, unless it can pick up significantly. We'll have to wait and see how it reacts to a major resistance. A sharp pullback would indicate weakness and signal time to take some profit from longs.

Ethereum

(Bitstamp:ETHBTC 2h)

As expected, ETHBTC is making a retest of the 0.06181 support. Volume this time is significantly lower and both the RSI and MACD are showing signs of bullish divergence if we happen to break below support. It remains to be seen whether we form a strong bounce or not. If we cant make a sharp bounce here than we're likely in for a slow bleed downwards.

Bitcoin Cash

(Poloniex:BCHBTC 4h)

Bitcoin Cash has made another test of the 0.1207 resistance and appears to have already retraced fairly sharply. Volume remains choppy, so its hard to tell whether or not we're forming a bearish consolidation, however the continued sharp rejections of resistance still paints a weak picture for BCHBTC in the short term. The only way I would consider making a bullish position here is if we can form a tight consolidation above the 0.1207 or 0.1241 support/ resistance levels. Other than that, its best to stay on the sidelines.

NEO

(Binance:NEOBTC 2h)

Neo continues to climb after its extremely strong bounce yesterday. However, the ascending channel and significant decline in volume concerns me. This is not a trend to be buying into. Instead, it would be best to wait for it to break down and retest of the 7856 support. If it can hold above and form a flat consolidation, we can look for bullish positions. However, I strongly suspect that it will instead break down to make a retest of lows first.

Litecoin

(Poloniex:LTCBTC 1h)

Volatility remains high for Litecoin and volume remains low. It is currently making a move to test the 0.01928 resistance. Due to the extremely low volume of the spike, I suspect that it will see a sharp rejection before moving to retest lows. For the moment, LTCBTC is looking pretty weak, so I'm holding off until it forms a good bullish consolidation zone or a strong bullish reversal pattern.

Monero

(Poloniex:XMRBTC 1h)

Monero saw a small retest of the 0.02462 support on low volume before making a bounce. As I mentioned yesterday, if we can hold around these support levels over the next few days then this will form a good bullish consolidation pattern, making way to build up longs.

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.