Top 5 cryptocurrencies to watch this week: BTC, ETH, BCH, AXS, EOS
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BTC/USDT
The bears tried to sink Bitcoin back into the symmetrical triangle on July 23, but the bulls had other plans. The rebound off the breakout level from the triangle indicates that buyers are defending the level aggressively.
ETH/USDT
Ether is facing stiff resistance at $1,700 but a positive sign is that buyers have not given up much ground. A tight consolidation near the overhead resistance increases the likelihood of a break above it.
BCH/USDT
Bitcoin Cash (BCH) is attempting to form a bottom after an extended downtrend. The price turned down from the $135 overhead resistance on July 20, but a positive sign is that the bulls defended the 20-day EMA of $117 aggressively.
AXS/USDT
Axie Infinity (AXS) has been consolidating in a downtrend. This suggests that the bulls are attempting to form a bottom.
EOS/USDT
EOS (EOS) broke above the moving averages on July 18 and completed a successful retest of the 20-day EMA of $1.05 on July 21.
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