Big Coin Technicals: Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC)

April 2, 2019 / by Bill Noble

Looking at big coins, perhaps the one with most upside potential is Bitcoin Cash (BCH).

Bitcoin Cash (BCH) has a long way to rally just to get the bottom of a gap on its Coinbase chart near $274 (Figure 1). Also, Elliot Wave work supports the idea of a move to $425.

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In our view, Ethereum (ETH) is just getting going. Elliot Wave work hints that a burst through resistance at $166 is very possible (Figure 2). If Ethereum (ETH) did break $166, a good strategy might be to buy any dip back to that level.

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In Litecoin (LTC), $75 is the next marker using Fib speed lines. The ultimate destination of a head and shoulders bottom may be the $87 (Figure 3). $87 is the level where Litecoin (LTC) broke down from in mid-July of last year. So, it makes sense for a new bull to attack the point where the final leg of the bear market started.

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Bottom Line: We see a lot of upside in big coins like Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC). In particular, Bitcoin Cash (BCH) and Ethereum (ETH) look to be in the early stage of a much bigger move.

The Crypto.IQ Trading Room can be of great help to traders in the new bull market.

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