Monday, 27 August 2018
Crypto TS
Bitcoin
Last Friday, bitcoin market gained some ground-quotes razed during the restrained growth and fixed above the $ 6500 mark. On Monday in early Asian session bitcoin is traded in the $ 6700 zone. There is a strong resistance zone, the upper boundary of a wide side range, $ 6,700- $ 6,800. At the same time, the capitalization of the entire crypto currency market has grown to the level of 217 billion dollars. The market should fix above $ 6,800 in order to indicate the seriousness of further growth intentions. However, we believe that in the current market conditions the market has not enough momentum to do this. It is much more likely to develop a local rollback, with the nearest support in the area of the last resistance $ 6500.
Trading recommendations - accurate longs in the $ 6500 area
Ether
Ether market has formed a stable sideway dynamics. For three weeks, the ether market is trading around $ 275 per coin. Nearest support is located in zone 250. Resistance in the area of 300. With the current market dynamics, and trade volumes, we recommend to stay out of the market for a while.
Trade recommendations – out of the market
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