The main cryptocurrencies today reported an increase

Lateral movement in Bitcoin, which starts from the end of November of last year is tested again, and today the price of the original digital currency rose significantly - a rare phenomenon, but today it was due, albeit belatedly, by the news that Bank JP Morgan intend to launch their crypto coin JPM Coin.

Was this news, however, giving the bulls the freedom to take more risky movements today or a technical breakthrough leads to the impulse today? Maybe a combination of both. Surely luck has turned to the benefit of digital assets, and fundamentally the price finds support.

BITCOIN

We see a breakthrough of the larger triangle figure with a bullish momentum, after the initial breakthrough began by playing a bullish flag inside the figure. The price managed to go beyond the 50-year average, but still within the range, expecting a bearish pressure of 23.6 Fibonacci. Levels above $ 4,000 will be key. Breaking there and keeping them above these levels will mean that bulls are beginning to take control of the price.

ETHEREUM

Ethereum follows Bitcoin, and things are developing similarly. Breakthrough of the triangular configuration with a perspective to rise to 38.2 Fibonacci. It is important here to wait for today's candle to confirm its closure above 23.6 Fibon after the breakthrough. And here the price is over 50 - the average average, while the control of the bulls is not complete. Rising above the range of around $ 180 will give a key advantage to the bulls.

LITECOIN

LTC first started with a positive attitude after it came to the hearing that the SEC were about to approve the Cpt. ETF and the price managed to hold after the narrow range after the break of 08.02 on the triangle. The range is currently being played as a bullish flag, with 50 - period and 200 - period bangs being drilled, as well as Fibonacci level 50. It will be essential to see if the price is going to close today and above all three levels. This will be a strong bullish endorsement that can turn LTC into the upstream catalyst and the rest of the digital assets. The last price passed briefly over 200 - the period on April 20, 2018. For renewed purchases, the price will be tested at 61.8 Fibonacci. Passing the price over $ 50 will be key.

RIPPLE

Ripple is also trying to get out of range, but he has not yet reached the upper limit in which the bears hold back on every attempt at the price to rise. We have a diagonal breakthrough, but still unverified, because the 50 - period creep may be the problem resistance. Samples and retention would give bulls the chance to attack the zone at $ 0.3330 and a test at 23.6 Fibonacci ($ 0.3473). Given the rather torn movements, we have a lot of false breakthroughs in both directions, not so clear configurations.

What can go wrong? From the SEC to reject the fund proposal (again), another "hacked" exchange or too much pressure from the bears, trade carefully and do not succumb to the emotions at the initial impulses.

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