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 cryptocurrencies in the context of the last weekend and the end of the week on W1 candles.
The previous week ended with an increase of the main cryptocurrency, the quotations reached the level of 10 thousand dollars for a moment. The closure, however, fell slightly lower and the course is still in the range between 50 and 61.8% of the Fibo abolition. Only a significant breakout above 10,000 will allow us to continue thinking about increases, the first support at $ 8,850.
On the ETH situation is better, it does not slow down, and like its smaller brother ETC, it is already gaining the fifth week in a row, adding another 15% growth. The bulls last Thursday pushed the price over $ 750, so the correction should not be too deep here. First support around 630-600 dollars.
From the most popular cryptocurrencies, Lisk is slightly weaker, where the upward rebound was the smallest. The last weekly candle, even though bullish showed a clear top wick, which effectively deters buyers already on Monday’s session. Profits quite quickly begin to melt here and the coin is already testing the upward trend line (better visible in the daily interval). Quite a wide resistance zone of $ 17-20, support around $ 8 per token.
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.