May 28th BitRabbit K-line Analysis

BitRabbit
2 min readMay 28, 2018

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BitRabbit K-line Analysis

BTC/USD analysis: Today’s prices are trending horizontally. There is a chance for prices to rebound after reaching 7283. If prices don’t break below support at 7283, then prices will tend to stabilize. Before prices breakout from pressure at 7568, prices won’t change too much. It is recommended to not invest too much or long-term.

ETH/USD analysis: Today’s prices are mainly fluctuating at a low level. Prices will remain steady before it breaks below the 560 support level. Prices will be short before breaking out from the pressure ceiling at 600. Again, it is recommended not to invest too much or anything long-term.

BCH/USD analysis: Today’s prices are trending horizontally. There is a chance for prices to stabilize if it doesn’t break below support at 975. If prices breakout from pressure at 1035 with a large transaction volume there is a chance for prices to rally.

EOS/USD analysis: Today’s prices are trending horizontally. Prices will start to rally upwards if it is able to effectively breakout form pressure at 12.74. On the other hand, if prices break below support at 11.61 then prices will be short.

LTC/USD analysis: Today’s prices will be fluctuating at a low level. Pay attention to support at 115, if prices don’t completely break below that level, then prices will tend to stabilize. Prices will continue to be short if it doesn’t breakout from pressure at 123.

Disclaimer: This analysis was made by a BitRabbit analyst, the opinions in this article only represent the personal opinions of said analyst. This article should only be used as a reference, and not be taken for investment advice. Investors should make decisions and trades independently. BitRabbit does not take responsibility for all direct or indirect losses incurred by the investor.

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