Good morning CryptoPubbers and welcome to the midpoint of the week of crypto price recovery? We will see.
A fairly flat morning with a little green as Bitcoin has maintained the gains yesterday and is still around $7500. Litecoin, ETH and Neo are down just a touch and Monero is stalling a bit and is a deal at under $160. Lots of trade volume on EOS sneaking up on the main net launch and not so for Tron which is down over 5%, and is trailing the clown race being lead by 0X again today.
T&A today brought to you by stomping out the EOS fud https://steemit.com/eos/@wakeupworldnews/eos-fud-stopped-in-its-tracks-264b7f7f094ad
Zooming in slightly to the 3-hour chart for a more immediate idea of where we are and what will happen, We can see a nice break of resistance and the Bollinger Median Line for the short term bull run. It would be encouraging to see the price pop up out of this bullish pennant and make gains at the top of the STOCH before correcting when the MACD crosses downwards. I would call for that but as soon as I do, it would break downwards towards the Bollinger Median so we will have to wait and see with our limit buys and sells set.
As I type this, BTC has dropped a couple hundred and looks like it is bouncing back down off the Bollinger Median on the 12-hour chart. Stay tuned!
Bonus T&A brought to you by who is trying new beers in the CryptoPub Acapulco https://steemit.com/beer/@jiujitsu/i-tried-a-new-beer-2018-05-30-14-41-57The 12-hour
Monero chart is telling a month long tale of woe as the channel downwards in price is distinct. In the last couple weeks, support has built up a bit but there seems to be no return buying support to get the STOCH over the halfway mark. So, Monero is definitely on sale now and showing signs of reversal on the MACD. I am going to keep an eye on the STOCH for a break of the 50% level.
Coins making the most of Hump Day include:
- Maidsafecoin (MAID) - Autonamous online data network to protect the world's data - https://www.maidsafe.net/ https://www.tradingview.com/symbols/MAIDBTC/
- Golem (GNT) - Block chain based sharable super computer - https://golem.network/ https://www.tradingview.com/symbols/GNTETH/
- Bloom (BLT) - ETH-based decentralized credit scoring - https://bloom.co/ https://bittrex.com/Market/Index?MarketName=BTC-BLT
Personal Trading strategy today - Scalp a little LTC in the ups and downs, loose change ready for Monero dip, Tron and EOS still on sale!
Source: smallcapasia.com
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