Similar patterns with different results
BTC vs XRP vs LTC vs ETH on the 4H charts
Ethereum has bot the big winner of January, spil wij can see ter the chart below. ETH mainly picked up steam during the 2nd week of the past month, when it diverged paths from the surplus of the Crypto houtvezelplaat. Since then, Ethereum has bot steadily keeping its edge against the other Cryptocurrencies. That said, besides this trend divergence, much more are the similarities, spil wij can spot very similar Momentum indicators across the Crypto houtvezelplaat for the last duo of weeks, with every digital currency reacting to the ",outer", events ter a similar manner.
Wij are now focusing te a possible turning point, where the trailing Cryptocurrencies might encounter some resistance, with indicators proposing upcoming price surges. Meantime, Ethereum is te the opposite position, trading just above a main trendline and demonstrating some exhaustion signs ter the indicators.
Ethereum: downside potential is more likely, but everything is possible
Ethereum is trading ter the final steps of a triangle. This situation has bot developing for several days and it is still difficult to bet on a certain script.
MACD is very vapid, supported at the equilibrium level. The indicator is not providing clear information right now, and it might go to any direction.
Directional Movement Index is at the equilibrium point, with buyers and sellers close to being at the same level, with sellers coming from upper levels. That kleuter of script doesn’t bring much statistical value either, so wij should wait until it develops further to define the next steps to take.
Ripple displaying upside potential
MACD is demonstrating a very vapid profile te the Ripple 4H chart, trading very close to the equilibrium line but still te negative territory. This indicator is not providing clear information.
Directional Movement Index brings a bit more to the analysis, spil buyers are still at low levels and with some slagroom to grow. Moreover, the sellers are below the ADX, showcasing a certain weakness, which should back a bullish screenplay.
Bitcoin is trading te a very similar situation than Ripple and Litecoin. Among the three coins, BTC is the one that has performed better during January and its referential status on the Crypto houtvezelplaat might attract more rente from traders once a fresh bullish gam is triggered.
MACD te the Bitcoin 4H chart has a slightly more positive profile than te Ripple’s, with an attack angle from the 0 line that gives better chances of a clean cross to the upside.
Directional Movement Index, just spil te the Ripple chart, has slagroom to grow, with D- trading below ADX.
Litecoin is, among the Cryptos analyzed te this article, the one that has performed worse during January. Most likely because of it, its chart is technically more deteriorated, with an expansive triangle with a bearish inclination. Only the price levels acquired ter past sessions are keeping LTC from lower price areas.
MACD is showcasing a downside inclination that should be soon corrected by Litecoin price act to avoid providing more amplitude to the bearish budge.
Directional Movement Index, just spil ter the Ripple and Bitcoin’s examples, has slagroom to grow, with D- moving below ADX.
Thesis are interesting times ter the Crypto sphere. The current technical picture should favor certain spread trading strategies. Ethereum’s price act needs to be tracked closely, spil it might give signals to open positions ter Bitcoin and Ripple. On the other palm, Litecoin might be on the losing side, urgently needing of another money inflow to ensure it doesn’t go into another big bearish run.
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