I hope everyone had an excellent long weekend and are back to work sunbathed and ready for an exciting week. I have been sitting on our nest of cryptos while you were reveling and am fairly encouraged at what I see for this week. Reward yourself with a little liquid lunch and lets take a look at the big boys.
This morning, we are fairly well in the green with Bitcoin leading the way, up ~4.5% on decent trade volume. Ethereum is matching the growth while Litecoin and Ripple are lagging a bit behind. In the Poodle race of entertaining alts Elf, Fun, Tron, Lumens and 0x Protocol, we have FUN in last place down ~5% (cooling off after a big weekend) and Tron out in first up 5% to $.034 and continuing its rebound.
T&A today brought to you by long-time pubber @zekepickleman who messaged me that he has delegated his LEO tokens to me!
I am looking a little closer at Bitcoin as the daily chart is showing the start of an uptrend but the 12-hour chart is showing signs of almost topping out. On the STOCH, there is a little bit of room to hit 100 on the buy support but we are already in overbought/overvalued. The MACD has just crossed up which generally is associated with a pump and the STOCH has shown recent tendency to linger in oversold and overbought. I expect a little smoothing of the erratic up and down, a little consolidation, and hopefully a drawing in of the Bollinger bands for a strong break one way or another in coming days. I am placing no orders at this time.
Bonus T&A is brought to you again by @khaleelkazi who has really empowered the analysts and investors on STEEM with the Leo token
@steemleo! Question: Zeke says he has delegated to me but I can't see any sign of that in my steem-engine wallet. Ideas?
I am returning to an old friend Ethereum on the daily chart to see how it is shaping up in the near term. Since the Golden Cross (green 50-day average crossing the orange 200-day average line) price has steadily increased and established the 50-MA as support. What looks GREAT is the fact that we are knocking on the 11-month resistance line (which was already breached in the fomo last week,) the STOCH is BARELY above undervalued, and the MACD looks as if it might cross upward. If ETH makes a rally while BTC consolidates, a little parabolic action could pump it to the $400 level. I don't bet on parabolic action ever but am bullish short term on ETH.
Source/News: Trading maturing and getting a performance boost? https://www.coindesk.com/high-frequency-trading-is-new-battleground-in-crypto-exchange-race
Thanks to
@slobberchops for picking up the airdrop initiative ! You can support the triumphant return of the CryptoPub Airdrop Initiative through a donation to one of the following addresses. We also accept alt coin donations that will be given away in the Airdrop!
Steem: @vanessav
SBD: @vanessav
Bitcoin: 1C6hMc172hbn1q9TFkkkaeeku3DxBju1eg
Ether: 0x27A5E16545fFf9301f52915A951C80D672717A12
SmartCash: SgsDm6PunExWcQKq2hDs7ruSGeiLAsSFLK
Monero: 42h5cfr1xVpgZhcksYZnq5BdXXrA42sCZFrZfz6se6SwHh8r5cX51gnJGqzqmcLS9145aNd3NPvYvMTRep7fxnYeGSmg95p
STEEMLeo - Delegations would be fantastic!
Beer Token for all original comments! (going to pay out last week's now)