Let us see where are the opportunities and market positioning in the cryptocurrencies.
Ethereum – the instrument is in the ascending wedge (usually bearish) and we could see a pullback for another test of 1000 level. Look for the short trade entries with the SL just above 1280.
Bitcoin – the instrument is in the continuation triangle. The break below 11000 is required for a downside continuation. Selling positions are recommended here with the SL just above the 12100 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.
Ripple – the instrument is in the triangle and a break below 1.2815 would open another leg lower targeting 0.5300 level. The SL should be above the 1.4500 level.
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