The popularity of cryptocurrencies has been unflagging in recent weeks, the entire market is worth over USD 500 billion. In daily analyses, we will look at the most popular currencies and you can use the opportunities that occur by trading on the Polish BitBay exchange.
Today, the cryptocurrency market shines red, all main players fall from a few to a dozen or so percent. Ripple faces the low from February 10, that is, $ 0.90, its defeating does not necessarily mean declines. At the H4 interval, an upward harmonic formation can be drawn with the simple correction AB = CD. Considering the strong dynamics, the XA section can be considered as an impulse and point D as the key level for long positions. In addition, in the zone of 0.80-0.85 $ there is 61.8% of the impulse. After generating the growth formation, I estimate the potential for growth at 40% (around $ 1.20).
A review of events and analyzes from the world of cryptocurrencies is made in cooperation with the Polish BitBay stock exchange offering free accounts for trading on digital currencies. Acquaint yourself with the BitBay offer and start trading on BTC and altcoins now.