Let us see where are the opportunities and market positioning in the cryptocurrencies.
Ethereum – the instrument is on the falling channel and it seems like a bullish flag formation, but before going long we have here the short entry opportunity. Sell position could apply here with the SL above the 1190 and the TP at 684. The 684 is the key support level for an upside continuation.
Bitcoin – the instrument is in the H&S formation and the break of this formation with the retest is offering the selling probability with the potential target at 6566 level. This is also the entry position for the buyers. The SL should be above the 13290 level.
Litecoin – the instrument has broken below the triangle 220 level and is moving along the falling channel. The target lower of this triangle break is 90-100 zone. The SL should be above the 250 level.
The broker of our choice! Open the account and get the discount for our services!
Mentoring! Learn to trade cryptocurrencies!
MENTORINGOnly two sest left! Join now!
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. If you want to learn all about it and become a professional Trader, sign up now we are accepting Bitcoins!