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.
The cryptocurrency market is shining red today, all cryptocurrencies are losing their value jointly, even recently strong NEM. There is no difference in the case of ETC, here the scale of sell of is significant, the price dropped below 22 dollars and the capitalization below 2 billion. Looking at the daily chart, it can be seen that the region 22-23 dollars here is the directional point, this is a specific barrier, the ceiling for the price in 2017 and the level of support in the current year.
In February, closing the day below triggered a fall in the area of $ 16. In the last quarter, three times we could observe a demand response at these levels, most recently after the publication of airdrop Callisto information. Quotations shape broad consolidation, and the proximity of support and large sell off can lead to taking long positions.
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.