Let us see where are the opportunities and market positioning in the cryptocurrencies.
Ethereum – the instrument is going for a possible test to the support trendline level 747. The bounce from here would lead to a test of the 930 level. Look for the buy trade entries with the SL below 740 level.
Bitcoin – the instrument is pulling back to the 10000 level. This level should hold for a possible continuation higher and a test of the 12500.
Litecoin – the instrument is testing the support 194 level and this level needs to hold for the continuation higher. A break below this level could lead to a next downside support 170 level.
Ripple – the instrument is supported by the 0.8600-0.9000 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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