Bitcoin

(Bitstamp:BTCUSD 1h)

On the back of the bearish divergence that we've noted over the past few days, Bitcoin has pulled back slightly from $11503, breaking the ascending wedge. So far, volume remains low on the break and we appear to holding around the $11160 support/ resistance. We'd normally expect a down for a wedge to come with sharp drop and high volume. We may instead be forming a flatter consolidation near highs.
It is still advisable to reduce exposure to Bitcoin until this has given a clear direction, whether that be a bullish consolidation or dip to retest support.

(Bitstamp:BTCUSD 4h)

On the higher time frame, this is very much in line to form a double top. The descending volume, bearish divergence, ascending wedge and resistance levels all seem to point towards another bearish leg. At the very least, reducing exposure is advisable. We can always buy back into a new trend if we break upwards. Reducing risk is more important than chasing slightly more profit.

Ethereum

(Bitstamp:ETHBTC 2h)

Ethereum continues its drop, reaching as low as 0.0742 on the ratio before bouncing to test the 0.0773 resistance. I've overlaid a fibonacci extension from the last leg down (0.101 to 0.0773). The bounce came around the 61.8% extension as a counter-trend movement to Bitcoin's break of the ascending wedge. The ratio is still looking to make a counter-trend bull run, so a bearish leg for Bitcoin would form a bullish reversal here.

I would still recommend waiting for a confirmed support level before taking on any positions, as there is significant downside potential at the moment. But, in the medium term, Ethereum is still looking strong.

NEO

(Binance:NEOBTC 1h)

Neo continued its low volume drop, breaking through several more supports before bouncing to retest the 23.6% resistance. We are now moving to make another test of the 0.010363 support. If we form a double bottom or a flat consolidation, them we may have finally found support for this pullback. If not, then we look to be in for a longer term pullback, as we've already broken major historical supports.

Litecoin

(Poloniex:LTCBTC 1h)

As with Ethereum, Litecoin saw a bit of a climb as Bitcoin dipped from the ascending wedge before LTCBTC saw a bit of a dip as Bitcoin rose once more. LTCBTC appears to be nearing a bottom of its pullback, as volume is still dropping and there is yet more bullish divergence on the RSI and MACD as we approach strong historical supports. As with Neo, we're looking for support to form around these levels if we are to see more bullish movement.

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.