I plan to cover just three cryptos every week in this post: Bitcoin, Litecoin, and Ethereum. These instruments provide trading opportunities with out sized gains. I hope the analysis presented here helps you profit in these instruments.
BTCUSD — So far so good on the rally, looking for continuation higher this week and we need to hold the support trend line into May. I am looking for a bollinger band ride higher into the end of this month. Mind your stops below the Monthly Pivot.
ETHUSD — Monthly pivot converted and a rally expected with a bollinger band ride higher into May. Monthly pivot needs to hold this week as support.
LTCUSD – LTC is lagging the other Crypto’s and looking for the compression pattern which may be a triangle to expand higher into May. The bollinger bands are very tight which is a precursor to an expansion. This should pop higher this week.
Monthly pivots as support are key this week and a continuation of the upper band rides expected. Watch LTC for the triangle to expand to the upside. Trade Smart and Trade Safe.
26th Apr 2020