Hello, Traders! Monfex is at your service and today we overview BTC Dominance with ETH/USD LTCUSD EOSUSD XRPUSD.
We see how altcoins grow stronger on the chart of BTC domination, but what really happens ?
Short Coin's review:
XRPUSD
A more bullish scenario, but Ripple is approaching to the line of resistance on the daily chart ~ $ 0,28 .
ETHUSD
Bear flag.
LTCUSD
The broken bearish triangle.
EOSUSD
The small ascending triangle under the middle line of the large channel.
Greater divergence with Bitcoin is noticeable on XRP and EOS. But to sum it all up - not the best picture for the whole cryptocurrency market. I suppose the stagnation of Bitcoin and at the background of it - some of the Altcoins will grow.
Share your thoughts, ideas about the market under the chart.
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