Bitcoin (BTC) surged past its descending trendline on Sunday, suggesting bullish momentum ahead.
Bitcoin price breaks above the descending trendline on Sunday, signaling a potential bullish momentum in the near future. Ethereum 's price surges above the $3,240 level, marking a shift in market structure from bearish to bullish. Ripple 's price breaches the daily resistance level at 0.499 on Saturday, signaling a potential bullish trend on the horizon. Bitcoin surged past its descending trendline on Sunday, suggesting bullish momentum ahead.
The Relative Strength Index on the daily chart is trading above the neutral level of 50, and the Awesome Oscillator is on its way to doing the same. If bulls are indeed making a comeback, then both momentum indicators must maintain their positions above their respectivemean levels. Such a development would add a tailwind to the recovery rally. If the bulls are aggressive and the overall crypto market outlook is positive, and ETH closes above $3,524, it could extend an additional rise of 5.
Ethereum Ripple Cryptocurrencies Technical Analysis
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