Cryptocurrency overview

Cryptocurrencies trading overview – Ethereum, Bitcoin, Litecoin, Ripple, EOS

Let us see where are the opportunities and market positioning in the cryptocurrencies.

Ethereum – the instrument is breaking below a strong long-term downside resistance 400-410 zone and is reaching now 310 level of the Fibonacci extension. Beak below this level will lead to a downside extension into the 150-200 level.

Ethereum technical analysis
Learn to trade cryptocurrencies! Trading mentoring!

[wpecpp name=”Mentoring” price=”240″ align=”center”]

Bitcoin – the instrument is testing the descending channel breakout 5900-6000 zone. Break below the 5900 would open a downside extension into the 4000-4500 zone. Invalidation of this downside extension only in the case of a daily close above the 8850 level.

Bitcoin price action trading analysis

 

 

Litecoin – the instrument is breaking below the 68.94 level and is extending downside into the 40 level. Look for the short trades with the stop loss above the 69 level.

Litecoin price action trading analysis

 

 

Ripple – the instrument is breaking below the 0.45 level with confirmation. Extended downside is calling for a 0.10-0.15 zone test. The downside support now is 0.35 level.

Ripple price action technical analysis

 

 

EOS – the instrument is breaking below the 5.000 level. This break would lead to a 3.100 level test. Look for the short trade entries with the stop loss above the 5.000 level.

EOS price action technical analysis

 

 

Happy trading! (click on the chart to enlarge it)

Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. We are publishing 5-10 trade alerts per week via real-time Private twitter feed!

TRY IT RISK-FREE

Scroll to Top
×