BTC Attempts to Break Resistance

Neither this post, nor any on cryptofal.com, should be considered financial advice. It is not.

BTC is currently testing a line of resistance after its uptrend that it’s held most of the day. The MFI is trending upwards and the MACD is as well. Volume has calmed slightly, however things could still be volatile in the short-term so it’s important to watch for any fundamental developments as well as technical ones.

Ethereum is also testing its own area of resistance. It broke through one line of resistance and it’s currently trying to find support above another. The momentum of the MACD and the MFI are both trending upwards on ETH.