Let us see where are the opportunities and market positioning in the cryptocurrencies.
Ethereum – the instrument bounced from the bottom of the channel. We could see an extension higher into the 1140 key upside level as long as the 850 level holds.
Bitcoin – the instrument is going for a retest of 12600 level for the upside extension into the 20000 level again. Look for the long trade entries as long as the instrument is above the 10000 level.
Litecoin – the instrument broke above the 190 channel level and is bouncing. Look for a test of 240 level for an extension higher into the 320 level.
Ripple – the instrument is supported by the 1.0020 level and on the break above the 1.18313 we could see an extension higher into the 1.61280.
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