Technically, the Market is Correcting Says This Week’s Crypto TA

1w
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Summary

EOS On H4, EOS is testing the diagonal channel resistance, which may send the price to the midterm channel support at $2.83. On H1, Eth is testing the midterm ascending channel support after bouncing off the short term descending channel resistance. Technically, the market is correcting in the midterm, still without any hint of heading up or down. Immediately, LTC may hit the short term support at $49,72, which will probably send the price lower to the midterm support of $40. After the price bounces off the correction channel resistance it may head to the support at $3,719.

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The weekly Crypto Technical Analysis is provided by Dmitriy Gurkovskiy, Chief Analyst at RoboForex.

Needless to say, all statements and views expressed below and any forecasts contained herein are solely based on the author’s particular opinion.

This analysis may not be treated as trading advice. RoboForex and Trustnodes bears no responsibility for trading results based on trading recommendations and reviews contained herein.

Technically, the market is correcting in the midterm, still without any hint of heading up or down.

Bitcoin

Over the last trading week, BTC is technically unchanged. On H4, the correction reached 50% Fibo and may move further to hit 61.80%, or $3,986, and 76%, or $4,059.

After the price...

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