Let us see where are the opportunities and market positioning in the cryptocurrencies.
Ethereum – the instrument is breaking below the 200 SMA 550 level and is confirming a break. The key level for the downside continuation is 440 followed by 340 level. A break below is opening more downside. Look for the sell trades for now.
Bitcoin – the instrument is breaking below the 7500 level of the upside support and we are seeing the downside continuation into the targeted extension 3000-4000 zone. Look for the sell trades as indicated in our top-down bitcoin trading analysis.
Litecoin – the instrument has broken below the uptrend support line 170 level and we could see a test of the 200 SMA 120 for the complete downside reversal and a test of 100 horizontal upside support level.
Ripple – the instrument is breaking the 200 SMA 0.62 level and is moving inside the Pitchfork dowsnide channel. Look for the sell trade entries with the stop loss above 0.66 level.
The broker of our choice! Open the account and get the discount for our services!
Crypto and Forex managed accounts!
CRYPTO AND FOREX MANAGED ACCOUNTS
Trade the next wave with us!
Only five sest left for the April trading group! Registration till Monday!
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!