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 we will look at the most popular currencies in the context of the last weekend and the end of the week on W1 chart.
The last days of the week passed under the dictation of bears and the whole week candle is bearish. From the top, defends the level of 38.2% of the abolition of the entire downward movement – an argument for the sellers,but the downward candle W1 only covered half of the previous bullish one. Support 9000-9050 $.
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Similarly, the situation looks on ETH, which also was priced lower, but here the declining candle W1 covers the previous one, however, looking at wider context, the price returned again from the region of the pinbar candle body and then quickly moved away. Important support zone: 820-772 $, resistance 970 and 1050 $.
The relatively best situation is on Litecoin, which ended last week with an increase, although it is still a candle that proves hesitancy,coin is on the rise since Monday. This reflection from the bottom took a strong form (38.2% defeated), in the case of a declines in the cryptocurrency market, here the “penalty” should be the smallest.