The cryptocurrencies have 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 BitBay.
The currency has been in a fairly narrow range for quite some time now, with a lot of candles with wick on both sides. Yesterday, however, appeared quite strong demand, as seen on the candle H4. The price jumped from $ 0.21 to almost $ 0.30 and broke through the last resistance at closing.
In addition, the volume bar was very high, which is a good sign. At the moment the price is testing the broken area, although the pull back is already significant. Staying above the trendline may result in another bull’s attack to vicinity of $ 0.30 and further up to $ 0.40-0.45.
For further analysis, see the hashtag #cryptocurrencies