In a weekend in which the market was almost immobile and a new bloody bath was foreseen, due to the fears of Binance in the European Union, the bulls have surprised us and have taken an important role.
Now it shows us some impressive 4-hour candles in currencies such as bitcoin, Ethereum and especially ICP.
Everything points to a significant recovery in altcoins, starting with Ethereum, which has had an outstanding performance in recent hours.
Let's see what it will be like for the rest of the day, with my new analysis for Cryptocurrency.
Bitcoin
Bitcoin, on the 4H chart, has undergone a major change.
Bulls have taken control of BTC and is currently in a major resistance zone at $ 35,000, an area that between June 11 and 21 was a good support.
The bulls to break that resistance will go for the EMA of 200 periods, at $ 37,600.
Otherwise, the bears will fetch the $ 33,600 again.
Ethereum
Ethereum, on the 4H chart, presents a breckout to the bearish channel that it had been bringing.
The bulls have broken the bearish channel quite strongly and Everything indicates that they are going for the level of $ 2,200 which is the next resistance.
Of not achieving it, bears will look to push ETH below $ 1,950.
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Analysis by analyst César Quintero for Cryptocurrency
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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of Cryptocurrency, and should not be attributed to Cryptocurrency.
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