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Technical Charts: BTC, LTC, ETH, XRP for 27 Aug

August 27, 2017 9:30 am Published by

The Weekly technical outlook for Ripple, Ether, Bitcoin and Litecoin as of 27 August 2017:

Ripple XRPXBT Heiken Ashi Weekly Shows Reversal In Progress

Easy pick at this point is Ripple (despite not liking it for being centralized bankster blockchain) it probably has legs for the medium-term at least and currently painting a Weekly Reversal candle. We need to wait until the current candle closes to confirm.

ETHUSD Weekly Shows Strong Momentum

The challenge for Ethereum right now is that it’s used for so many ICOs, so price fluctuates simply based on how many people are moving cash out of Eth into the ICO tokens.

So assuming there’s not too many big ICOs in the next week or two, Eth should be able to push past previous ATH according to the current Weekly chart. Strong MACD. Strong Heiken Ashi. Above 1SD Bollginer.

BTCUSD Weekly Forecast Is FOMO

The weekly on bitcoin shows all previously projected rockets to the moon have been exceeded by a long shot. We’re in unchartered and un-charted territory. Technical Analysis simply shows the strong upwards trend with extreme short-term volatility possible at any point.

The only way to trade this for medium-term trading would be FOMO: Fear Of Missing Out.

Litecoin Breaking Through Consolidation

Litecoin’s technicals are strong. Several weeks of consolidation, resting against the 1SD Bollinger , and this weeks candle ends with a decisive break to the upside, touching the previous ATHMACD is positive.

Fundamentals: With news on Atomic Swaps now beginning to emerge, litecoin has legs.

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