Cryptocurrencies trading overview – Ethereum, Bitcoin, Litecoin, EOS
Let us see where are the opportunities and market positioning in the cryptocurrencies.
Ethereum – the instrument is testing the strong resistance 180 level. This level needs to be broken by a daily close for the upside continuation. Break above the 144 level is indicative and is telling us that the consolidation bottom might be ending. Support now is 140-160 zone. Only a daily close below the 150 level would invalidate the upside extension.
Bitcoin –Â Instrument is caught between a strong upside resistance 5730 level and support 4500-4800 zone. A daily close below the 4500 level would lead to a stronger pullback and a daily close above the 5730 is required for an upside extension.
Litecoin – the instrument has broken above the strong upside resistance 50-67 zone, which will now be a support. Look for a pullback into the mentioned support zone before an upside continuation.
EOS – the instrument is breaking above the 4.45 level for the upside extension. Look for a pullback into the support zone 4-4.5 for the long trade entries.
Mentoring
Powerful retail trading strategy-Trade less size win often (compounding profit trading strategy for retail traders) Increase your trading capital by smart trading compounding, by avoiding risky big size trades which are quickly ruining your capital.
Telegram channel https://t.me/Trendtradingdna