Bitcoin

(Bitstamp:BTCUSD 2h)

After consolidating nicely and breaking up on the 23rd, Bitcoin pushed up to $9755 on good volume and without particular signs of bearish divergence on the RSI nor the MACD. This leads me to believe this is a bullish pullback rather than a bearish reversal.

Currently we're testing the 50% retrace of the movement from $7805, which is a common bottom for a pullback into a continuation. However, its still best to wait for a support to be confirmed with a strong bounce and/or a double bottom. From there, we can assess where to look for new positions.

Ethereum

(Bitstamp:ETHBTC 2h)

ETHBTC pushed yet higher, yesterday, against bearish divergence, before making its expected pullback. We're holding the 0.06775 support pretty well, but on lower time frames we may be starting to form a bear flag/ ascending wedge. This is a bearish continuation pattern, and would signal a retest to a lower support, such as 0.06466.

Bitcoin Cash

(Poloniex:BCHBTC 2h)

Bitcoin Cash, too, pushed to another high before finally succumbing to bearish divergence, pulling back to the 38.2% support so far. Due to the speed at which the bull run made its ascent, it had little time to form consolidation, so we now suffers from lack of supports on the way back down.

The 0.1337 support/ resistance level is the first to watch, with the 50% and 61.8% retracements below that. As with Bitcoin (and generally), its best to wait for a strong support to be confirmed with a high volume bounce and/or a bullish reversal before looking to take positions, as it'll give you a good risk limit.

Litecoin

(Poloniex:LTCBTC 2h)

Litecoin managed to briefly push above its ascending channel/ wedge before breaking down once more (similarly to the previous wedge), reaching as low as 0.01594.

This drop does come with a hint of bullish divergence, suggesting that all is not lost for Litecoin's bulls. A strong bounce back above a previous support could signal a bullish reversal. If not, we'll have to wait and see the reaction to a retest of the 0.01594 support.

Monero

(Poloniex:XMRBTC 2h)

Monero followed the same pattern as Ethereum and Bitcoin Cash, dropping back from highs to test lower supports. We've already seen a sharp bounce from the 0.0273 support on a decent volume spike and we're currently holding around the 38.2% retracement. As with everything else today, I'd recommend holding off and waiting for a decent support to make itself apparent.

Disclaimer

I will do my best to give unbiased, objective analysis, but I can make no promises about my accuracy.
All posts are based on my personal opinions and ideas and do not constitute professional financial investment advice.