Crypto bulls are charging again yo!
Don’t miss these long-term upside breakouts and potential targets on these altcoin charts.
Bitcoin (BTC/USD) is setting new all-time highs, fellas!flag pattern, confirming that a continuation of the rally is underway.
If momentum is sustained, bitcoin might climb by the same height as the flag’s mast, which spans nearly $25,000!
Technical indicators suggest that this ain’t an impossible feat since the 100 SMA is above the 200 SMA while Stochastic is on the move up. Just be careful since the oscillator is approaching the overbought zone to hint that buyers could use a break soon.
Cardano (ADA/USD) bounced off that support zone we were eyeing last week and might now be setting its sights on the bullish targets marked by the Fib tool.
The 38.2% extension is close by at $2.5945 and the 61.8% level lines up with the swing high near the $3.0000 major psychological mark. Stronger bullish pressure might even take it to the 76.4% level at $3.3939 or all the way up to the full extension.
Stochastic has room to climb before reaching the overbought zone to reflect exhaustion among buyers. At the same time, the 100 SMA is safely above the 200 SMA to indicate that the uptrend is likely to carry on.
Litecoin (LTC/USD) is already cruising higher inside an ascending trend channel on its daily time frame, and price looks ready for an even steeper climb!A break above the channel top around the $275 level could clear the path for more gains, possibly even leading to a surge to its all-time highs around $400.
A bullish moving average crossover seems to be brewing, encouraging even more buyers to join in. Stochastic is already in the overbought area, though, so turning lower might spur a pullback.
In that case, LTC might dip to the mid-channel area of interest or the channel bottom to find some support.
Bitcoin Cash (BCH/USD) breached the area of interest at the middle of its range, setting its sights on the very top around $790 next.
There’s still some upside left, and Stochastic has a bit of room to move higher before reaching the overbought zone to signal it’s breaktime for buyers.
Otherwise, a break past the top of the range might trigger a rally of the same height, so keep your eyes peeled!
Monitor the volatility of cryptocurrencies using our Crypto Volatility Meter! See which cryptocurrencies have moved the most today.
If this is your first time checking out crypto charts, keep in mind that there is a considerable amount of risk in trading cryptocurrencies due to their inherent volatility and sensitivity to headlines. Be careful out there!