Let us see where are the opportunities and market positioning in the cryptocurrencies.
Ethereum – the instrument is testing the support trendline 775 level. The bounce from here would lead to a test of the 930 level. Look for the buy trade entries with the SL below 770 level.
Bitcoin – the instrument could go for a retest of 12600 level for the upside extension into the 20000 level again. Look for the long trade entries as long as the instrument is above the 10000 level.
Litecoin – the instrument broke above the 190 channel level and is bouncing. Look for a test of 240 level for an extension higher into the 320 level. Only buy entries are reccomended with the SL below 180 level.
Ripple – the instrument is supported by the 0.75000-0.8600 zone and on the break above the 1.18313 we could see an extension higher into the 1.61280 level. Look for the buy trade entries with the SL just below 0.8000 level.
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