Let us see where are the opportunities and market positioning in the cryptocurrencies.
Ethereum – the instrument is testing the upside support 500-560 zone. This zone should hold for another upside test of 750 level. In case of a break below the 560 level we could see a test of 410 level.
New prop-trading opportunity! Training is starting and the trading to begin in the middle of the June!
Bitcoin – the instrument is testing the 7300 level for the downside extension into the 6439 key level. Look for the sell trade entries with the SL above the 8000 level. The downside extension support zone is 7500-8000.
Litecoin – the instrument has broken below the bearish flag 140 level and we could see a downside extension into the key support zone 97-110. Look for the sell trade entries only on a break below the 97 level.
Special weekend deal 30% off on three months and annual membership till tonight!
Ripple – the instrument is pulling back in a consolidation to test the 0.57 level of the downside resistance. Stay away from the trade entries for now.
Happy trading! (click on the chart to enlarge it)
The broker of our choice! Open the account and get the discount for our services!
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!