Wednesday, 29 August 2018

Crypto TS

Posted by Olga Gorinina at 14:04

Bitcoin is gaining momentum

Bitcoin continued the positive dynamics of the current week. Tuesday trading session was extremely successful for the crypto currency market. Bitcoin was able to break above a significant resistance level at $ 6,800 and continued to gain to approach the first resistance-$ 7040- $ 7100. Most likely at these levels, the market will move to a local correction-traders will fix a part of the profits and roll back the market lower. The first support is located in the $ 6900 zone, and the more significant level is the former resistance zone, $ 6795- $ 6800.

Trading recommendations - longs in the $ 6900 zone.

Ethereum is ready to storm $300

Volume growth at the entire crypto currency market, as well as the positive Bitcoin dynamics, triggered the growth of the second most important crypto currency. Yesterday, ether broke above the resistance of $275 and came close to $300 level. For already two weeks, the market is trading below this mark. The breakthrough of this zone will send the market higher into the zone of $ 320 and $ 345.

Trade recommendations- longs when the market rolls back

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