Bitcoin, Ethereum, Litecoin, Ripple & Eos: Fast Short Term Analysis

Upwards movements in most cryptos have taken them to key levels with different outcomes. EOS/USD has been the most favored by the momentum, while LTC/USD has received a severe technical punishment that hinders its progression.

BTC/USD 240 min

Bitcoin had a bullish session yesterday and tried to break $7,000, where a congestion resistance and the current short-term wedge trendline meet. It is moving around $6,823, waiting for favorable winds to outgrow this technical setting and enter a new, far from minimums scenario. To that end, it must break $7,500 and never lose the $6,400.

The MACD got above 0, although it lacks the energy to sustain more rises. Maintaining the positive level is important for the future developments.

The Directional Movement Index shows how the bullish move couldn't convince sellers to retract and they moved again as soon as they could. The ADX has decreased significantly, leaving today's session without the momentum for an upside breakage.

ETH/USD 240 min

Ethereum has managed to face and break the $420 resistance and is now testing it. Closing a candlestick below it would take it back to the March ranges. If it stays above, the next resistance is around $465, and then the SMA200 at $500.

The 240 min MACD has found height and wideness at the expense of a worn out profile. It favors a level consolidation in the next hours.

In Directional Movement Index, the bullish movement managed to drag the ADX above the trendsetter level. Sellers have appeared lately, betting for a return to below resistance levels.

LTC/USD 240 min

Litecoin is yesterday's session wronged crypto. Despite convincingly breaking the pattern to the upside and getting to a resistance at $119, sales appeared, inspiring doubts and weakness. In today's early European session LTC got back to square one just before losing the April's wedge baseline. The situation is technically awful, since it diminishes the bullish hopes and will sow doubts in possible buyers.

The MACD is still positive, since it managed to get a high level and is above the 0. It should keep this range, but the $113.50 support is close and doesn't leave much margin of error.

The 240 min Directional Movement Index shows purchasers decreasing and sellers increasing during the rises. That's a weakness sign, since it conveys the doubts in mid-term positions. Moreover, the rise was used to quit positions.

XRP/USD 240 min

Ripple failed its try but it still in a good position to test resistances again. The bullish move was stopped at $0.55. If it breaks that level, it would face another main resistance at $0.645. There's a key support at $0.49 to stop a bearish rally.

The MACD is below 0 with a good slope. It favors a new bullish test, although it is likely that any broken resistance be tested as a support too.

The Directional Movement Index is clear and shows an important entrace of buyers to levels unseen since early March. More good news are the swift decrease in sales and the ADX reacting quickly to reach the trendsetter level.

EOS/USD 240 min

EOS is the session's winner, with a brilliant upwards daily increase of 30%. It broke the technical pattern that had constrained it since mid March, but kept rising until facing a long-term resistance at $8.750. It hasn't been able to surpass it in its first test, but it's kept the price level. It is likely to test it again in the next sessions, opening the door to more significant rises. Above, the main support stands at $7.000.

The 240 min MACD got to, and still keeps, positive levels. It has shown some exhaustion, as we should expect given yesterday's rises, but that shouldn't be an obstacle for further rises due to the height of the indicator.

The Directional Movement Index also signals show purcharsers were persuaded by the rise, and they kept buying all the session. Only today in the European morning did the sales appear timidly. The ADX followed all the move and hasn't decreased despite the current rest.