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.
After a dynamic bullish rally of Ripple in April, May so far is undergoing a moderate correction. Such a pattern on the daily chart may suggest the formation of a cup with handle, and thus a further appreciation even in the direction of 1.5 dollars. Going down to the lower H4 interval, we can take a closer look at the consolidation. The level of 0.77 already stopped bears, this time it may be similar because a demand reaction has already appeared. The course is approaching resistance of 0.80 $ and its effective defeat can lead to the area of 0.93 and 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.