Bitcoin has finally broken out of what appeared to be a bear wedge pattern. This is why the previous trend is so important in determining the direction of the breakout. It is currently facing resistance at $37.7K, which is a significant level that we have identified beforehand. Watch for a retracement here. Depending on how conservative you are, you can look to Fibonacci levels below to buy back. The levels $36.8K, $35.2K, $33.6K are all perfectly valid candidates. The Kovach OBV has been bearish with BTC but it does appear to finally be picking up
Ethereum is back at highs, exactly as we anticipated in the last report. We told you that it was likely to form a consolidation pattern before another breakout. Sure enough, it appears to be forming a bull wedge. ETH is due for a breakout imminently. All the signs are there. We have consolidation at highs, and the Kovach OBV is quite bullish, suggesting momentum is bottling up. We may have one more retracement before the big breakout but it is doubtful. When we breakout, 1548 will be the next target.
Litecoin has broken out, in tandem with Bitcoin. It has found resistance at $145, which is exactly the level we identified yesterday, and for several days prior. It is likely to retrace a bit from here, but it is doubtful we will see lows any time soon. The Kovach OBV has picked up quite a bit confirming the new direction
