Let us see where are the opportunities and market positioning in the cryptocurrencies.
Ethereum – the instrument is pulling back to a broken downside resistance now acting as a support 640-680 zone. This zone needs to hold for the upside continuation higher. Look for the reaction here.
Bitcoin – the instrument is consolidating between the 7500 and 10000 level. This are the key levels for an upside continuation or a dowsnide extension.
Litecoin – the instrument is pulling back to a support 150-160 zone and this zone needs to hold for an upside continuation higher. You should look here for the buy trade opportunities.
Ripple – the instrument is pulling back in a consolidation to test the 0.65-0.80 upside support zone which was a previously an upside resistance. Look for the new buy trade entries on a close above the 0.93 level.
Happy trading! (click on the chart to enlarge it)
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