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Newton CryptoTechnicals 5/1/18

BTC--Break of yesterday’s early lows at 9130 is a negative for BTC, as this has also broken the triangle back to the downside.

A counter-trend bounce is underway this am, but important for this to rally back and regain what was lost and ideally get back up over 9443 which would be constructive and get this rally back on course.  Failure under 8873 would stop out longs which is just under 200 points away, and drive prices down to 8500 or lower

So the next 24-48 hours is important for this to try to rally back

 

ETHBTC-  Uptrend still intact and ETH making gains relatively to BTC this am.  We’’ve seen a bit of a sideways stalling out in the last few days.. yet the uptrend is intact and no evidence thus far either by price, or momentum of this peaking, but ETHBTC has nearly gotten to the real area of importance which is a make-or-break for this and getting above would allow for much greater acceleration.   Conversely, violating this uptrend since early April would cause its first meaningful decline in over a months’ time.  So longs still preferred, and ETHBTC nearing a key area which will either make or break this trend and we’ll know more into end of week/next week

 

ASTETH-  Similar to ETHBTC, this has slowed a bit in the last week, but uptrend still intact and provided this holds, longs are correct and its right to expect a move higher to test and break this recent consolidation since mid-month.  A mildly bullish stance is correct as prices remain trending higher.  The slowdown thus far is not too much of a concern, but pays to watch for either a move OVER .085 which would be positive, or movement down under .075. and follow either one of those moves.

 

OMGETH-  Minor break of trend from mid-March is a mild negative, and can allow for short-term weakness down to .0238-.024 which is the bigger area of importance.  The larger pattern is still bullish, so this is just a small bearish development.  We’ll need to see the extent to which this can either hold the trend from early February, or whether this starts a bigger breakdown.  For now, on a 2-3 day basis, this just looks like a minor negative as part of a bullish trend

 

XVGETH-  Verge is the only positive Crypto with a market cap over 1b  today, rising after showing signs of bottoming out in the last few days

Trends remain bullish for a further bounce in the near-term, so this looks to be one to favor in otherwise a negative environment today

The quicker this can advance in the upcoming week, the more confidence about a larger move higher.  For now. Movement up to near .015-.017 looks possible

Movement UNDER .01 not expected, but would postpone any advance

ADAETH-  Cardano still basing over last couple days but a constructive pattern and  mildly bullish stance, adding to longs over .053 which should jump start a larger move higher.   The breakout into mid-month and also late month are both constructive for ADA, and should allow for more upside in the days/weeks to come

 

BTC- Break of yesterday’s early lows at 9130 is a negative for BTC, as this has also broken the triangle back to the downside.

A counter-trend bounce is underway this am, but important for this to rally back and regain what was lost and ideally get back up over 9443 which would be constructive and get this rally back on course.  Failure under 8873 would stop out longs which is just under 200 points away, and drive prices down to 8500 or lower

So the next 24-48 hours is important for this to try to rally back

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ETHBTC-  Uptrend still intact and ETH making gains relatively to BTC this am.  We’ve seen a bit of a sideways stalling out in the last few days.. yet the uptrend is intact and no evidence thus far either by price, or momentum of this peaking, but ETHBTC has nearly gotten to the real area of importance which is a make-or-break for this and getting above would allow for much greater acceleration.   Conversely, violating this uptrend since early April would cause its first meaningful decline in over a months’ time.  So longs still preferred, and ETHBTC nearing a key area which will either make or break this trend and we’ll know more into end of week/next week

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ASTETH-  Similar to ETHBTC, this has slowed a bit in the last week, but uptrend still intact and provided this holds, longs are correct and its right to expect a move higher to test and break this recent consolidation since mid-month.  A mildly bullish stance is correct as prices remain trending higher.  The slowdown thus far is not too much of a concern, but pays to watch for either a move OVER .085 which would be positive, or movement down under .075. and follow either one of those moves.

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OMGETH-  Minor break of trend from mid-March is a mild negative, and can allow for short-term weakness down to .0238-.024 which is the bigger area of importance.  The larger pattern is still bullish, so this is just a small bearish development.  We’ll need to see the extent to which this can either hold the trend from early February, or whether this starts a bigger breakdown.  For now, on a 2-3 day basis, this just looks like a minor negative as part of a bullish trend

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XVGETH-  Verge is the only positive Crypto with a market cap over 1b  today, rising after showing signs of bottoming out in the last few days

Trends remain bullish for a further bounce in the near-term, so this looks to be one to favor in otherwise a negative environment today

The quicker this can advance in the upcoming week, the more confidence about a larger move higher.  For now. Movement up to near .015-.017 looks possible

Movement UNDER .01 not expected, but would postpone any advance

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ADAETH-  Cardano still basing over last couple days but a constructive pattern and  mildly bullish stance, adding to longs over .053 which should jump start a larger move higher.   The breakout into mid-month and also late month are both constructive for ADA, and should allow for more upside in the days/weeks to com

 

 

 

 

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