Monday, 24 September 2018
Crypto TS
Bitcoin has approached resistance around $6760
The first session of new week is starting positively for the first crypto currency, for the last weekend bitcoin continued to gain, the market quotes rose to $ 6700, but then corrected after partial fixation of profits. Capitalization of the entire market continued to grow - on Monday, capitalization set an amount around 221 billion dollars. The support level is located in the $ 6500 zone.
Trade recommendations- longs in the $ 6500 support area
Ethereum is starting the new week positively
On Friday there was an interesting event in the crypto market that we want to mention. On Friday for some time, ether lost its title of the second crypto market in term of capitalization. Amid the rapid growth, ripple briefly exceeded the capitalization of ether and took second place in the list. However, profit fixation in Ripple market led to the loss of this position and the market returned to usual list. On Monday Ripple is correcting and declining down to $0.50. As for ether market the new trading session is starting positively. From a technical point of view, ether has approached the strategic resistance zone - the $ 250 area. Support is located in the $ 230 area. This week we expect the accumulation of the necessary volume and more attempts for the storming of the $ 250 zone.
Trade recommendations- longs at current levels
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