Today major cryptos neither rejected nor confirmed the bearish statement of yesterday. The bearish odds prevail. The interpretation below.
$LTC – after the bearish Engulfing/Tower Top is likely taking a pause (1-3) days. Today’s candle is not bullish.
#ETH – very similar to $LTC.
$LTC & $ETH – possible Double Top formation over 2+ weeks
$ADA – today’s candle neither confirmed nor rejected the Dark Cloud Cover. Bearish odds.
BNB – today’s candle was not high enough to cancel the Dark Cloud Cover (lacked 50 pips!). Possible bearish Stick Sandwich. The candle tomorrow would tell the story.
As you can see, a mixed combo with bearish flavor. The next few days should help to setup a direction.
$BTC – Daily Analysis will be posted shortly.
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