The popularity of cryptocurrencies has been unflagging in recent weeks, the entire market is worth over USD 450 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 candle W1.
The fourth week of increases in a row on the largest crypto coin, the last candle is another 7% added to capitalization, which already exceeds 150 billion. Bitcoin has recovered over half of March’s losses and was in a very strong resistance zone between 50% and 61.8% of the Fibo abolition. The closing of the week above 10,000 dollars will be a very strong sign of continuation here, while a breaking of 8650 dollars will increase the downward pressure.
ETH also doesn’t slow down, the increase last week was 11 percent. However, the situation is similar to BTC, the exchange rate reached 50-61.8%. However, as long as the momentum is bullish and the price stays above $ 600, we can look favourably towards the north.
Slightly smaller growth can be seen on the Litecoin, and although it added up to 5% capitalization, a stronger attack of supply caused that the upper shadow of the candle is noticeable here. On the advantage of bulls, we can notice breaking bearish W1 candlestick sequence ($ 160) and closing the week above the downward trend line. The correction will show how determined are the buyers to push prices even higher.
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.