Good afternoon CryptoPub! I hope all the fathers out there had a great weekend. Welcome back to the work week and the pub where we sample some cocktails, enjoy a snack and huddle over our charts and cryptos. Things are looking up so lets sip and see how high it may go.
Looking at the ticker today, we are pretty much even with where prices were yesterday even though there is some red. Bitcoin is trading under decent volume and is down half a point to almost $9,200. ZEC is doing the best so far today up almost 4% to $97 while Litecoin, OmiseGO and Ripple are down around 3% on the day. In the poodle race of entertaining alts, aELF is way our ahead up over 10% on the day and Lumens is in last place, down 4%.
T&A today is brought to you by the original west/west gangsta shouting to wake up the zombies https://steemit.com/dlike/@broncnutz/are-you-still-a-sheep-being-led-to-slaughter
The daily chart shows us where we are and what has happened to bring us here. Price is just above March 2018 levels and not quite to May 2018 levels just yet (10k high.) The MACD on the daily chart crossed upward as the weekend hit and you can see the subsequent pump. Price sits above the upper Bollinger line as it does less than 5% of the time and you can see the wick as traders take profit. There is still a little room to grow normally on the STOCH as selling pressure catches up with buying support so I am not selling just yet.
Bonus T&A brought to you by our resident steem technical analyzer @cryptopassion https://steemit.com/steem/@cryptopassion/steem-we-are-testing-the-0-41usd-resistance-line
I have been having a little fun with EOS with the latest developments that lead to increased volume so here is my daily EOS chart. I picked some up on the support line around $6 and didn't quite get my $5.79 aggressive limit order. The Bollinger lines are drawing in with consolidation but the MACD is about to cross up which should make for a pump. Heading back to bullish shorter term would mean a run to the upper Bollinger at around $8. Depending upon how things look, I may reduce my limit sell back closer to that. If not, a correction at the $8.65 level could easily look like a cup & handle so I may hedge back in then for a little more profit. Swing trading in a little bull run is so much fun when it works well.
Source/News: Bitcoin Momentum and Optimism - https://www.ccn.com/crypto/extremely-bullish-bitcoin-supercharges-crypto-market-hit-288-billion/2019/06/17/
Steem: @vanessav
SBD: @vanessav
Bitcoin: 1C6hMc172hbn1q9TFkkkaeeku3DxBju1eg
Ether: 0x27A5E16545fFf9301f52915A951C80D672717A12
SmartCash: SgsDm6PunExWcQKq2hDs7ruSGeiLAsSFLK
Monero: 42h5cfr1xVpgZhcksYZnq5BdXXrA42sCZFrZfz6se6SwHh8r5cX51gnJGqzqmcLS9145aNd3NPvYvMTRep7fxnYeGSmg95p