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.
It can be said that Dash is now testing an important resistance zone 450-460 dollars, after the declines from the beginning of the week the initiative was taken over by bears. In addition, we have Fibo 38.2% of the last drop. The last minima around $ 400 and the price shelf from mid-April may be targeted. Alternatively, a strong breakout above $ 470 will weaken the negative meaning of the current layout.
The leader of recent rallies is performing quite well, from levels not much higher than $ 6 jumped to $ 22 setting historic high. Currently, a triangle is being formed, which is a continuation of the formation. It may be worrying, however, quite a long distance from the maximum but the break will show the direction. There is less and less space, and the exchange rate is close to the upper limit, breaking $ 19 would be a bullish sign here.
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.