The cryptocurrencies enjoyed a great popularity in recent weeks, and the entire market is worth over $ 200 billion. In daily analyses, we will look at the most popular currencies and the occasional opportunities you can use when trading on the Polish BitBay.
Ethereum, the second most popular cryptocurrency (now third in favor of Bitcoin Cash), is now up more than 5% and is on highes level from 17th October and is trying to break the downward trend line. On the plus side is breaking the level of $ 317, which was the maximum of the candle with highest volume,sellers are currently losing.
The currency moves in a triangle where the level of 65.30 is very important at the close of the day. Intentionally the upper limit is drawn not on the wicks, it is more a zone of the least resistance. In the event of a demand attack, it will be important to breach the $ 70 level even intraday. Negative scenarios can occur if price drops below $ 51.