BTC/JPY - weekly Analytics + Altcoins 15.06.2020
The quotations have started to decline within the range of narrowing volatility. The trend is still growing and investors' sentiment is approaching negative levels.
We consider this impulse exit as a potential false breakdown with the goal of continuing growth.
Altcoins: (Considered coins are LTC, ETH, EOS, XRP, ETC, NEO, XMR, OMG, DASH, SAN, IOT)
In our opinion, there is forming false breakdown in ETH as well as in Bitcoin. It will end after the development of a local correction model.
We consider this impulse exit as a potential false breakdown with the goal of continuing growth.
Altcoins: (Considered coins are LTC, ETH, EOS, XRP, ETC, NEO, XMR, OMG, DASH, SAN, IOT)
In our opinion, there is forming false breakdown in ETH as well as in Bitcoin. It will end after the development of a local correction model.