The currency pairs were unable to make substantial progress since our early European session review. However, the current flat is a kind of preparation for significant moves that may happen in the nearest future. We recommend paying attention to all the charts and candlestick patterns as this price consolidation will not last long.
BTC/USD
BTC/USD is close to the next resistance area ($9,440) and should be able to reach it in the nearest future. However, the current situation is uncertain as both buyers and sellers are in the position to take control now. The closest support lies around the $9,200 area and almost coincides with the upper boundary of the Ichimoku cloud.
There are two scenarios currently. The price may reach the above mentioned resistance, or fall towards the support line.
BTC/USD is currently above the descending trend line and the Ichimoku cloud signaling the end of the midterm downside tendency.
LTC/USD
The price may either rebound off the lower boundary of the Ichimoku cloud and start its growth towards the upper boundary at least, or break through the lower line of the Ichimoku cloud and resume its decline towards the descending trend line.
The price is currently above the descending trend line, indicating an uptrend. However, we think that to confirm the tendency, LTC/USD needs to leave the Ichimoku cloud, breaking out its upper side.
XMR/USD
The price is above the descending trend line and the Ichimoku cloud formation signaling that the uptrend is still in progress. However, we cannot exclude the possibility of a reversal towards the upper boundary of the Ichimoku cloud, which coincides with the descending trend line.
NEO/USD
Two scenarios are possible currently. NEO/USD will break through the resistance line and the upper boundary of the Ichimoku cloud to move towards the next resistance line in the $79 area. However, we can see that buyers have no power to take the initiative in their hands as bears hold the price below the $76 resistance area.