Ethereum Might $230 Says This Week’s Bitcoin Crypto Technical Analysis

1w
4m read
Summary

This might be confirmed by a breakaway of the lower border of the descending channel securing below $6,875. XRP On D1, buyers have managed to push off the lower border of the descending channel. On H4, the asset is moving inside an ascending channel and is currently testing the resistance level of $0.2840. Bitcoin Bitcoin managed to keep the price above current support levels, but there’s still a significant risks of seeing BTC/USD much lower. The negative scenario may no longer be valid if Litecoin rises above $79.05, which will mean a breakaway of an important resistance level and further movement to $107.80.

Article Preview

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.

Bitcoin

Bitcoin managed to keep the price above current support levels, but there’s still a significant risks of seeing BTC/USD much lower.

It should be kept in mind that the triangle has not been executed yet as the closest resistance level is $9,190, but the indicator values are growing and we should...

Read the full article @ TrustNodes