Here is our egoldfx algorithm scanning some of the most important cryptocurrencies:
Bitcoin (yellow): Uptrending since 2017-11-15 with an entry price of $6915. On 2017-12-09 the egoldfx algorithm sent a potential reversal signal which is still active and which will be confirmed if price breaks the nearest support or voided if its algorithm yellow line moves back above 70.
Ethereum (grey): The last uptrend signal was on 2017-11-23. Price has been ranging between 430 and 335 for several week. Finally on 2017-12-9, the egoldfx algorithm sent a new uptrend alert. Price broke yesterday its alltime high. Its algorithm line in getting closer to close above 70 which if it realizes could send ETH to higher levels.
Litecoin (orange): The last uptrend signal was on 2017-11-03 when price broke $58.97. On 2017-12-9 we got another uptrend signal alerting that a potential new uptrend was possible. Since then Litecoin is making everyday new alltime highs. Currently at $250. Its algorithm line is moving well above 70. A close below 70 in the next few days will indicate that a retracement or even a new downtrend could be in effect.
Good trading
egoldfx team