Crypto-Currencies: Bitcoin, Litecoin and Ethereum for October 17th

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 — Rally is working out well on BTC, retest is likely to the middle band and higher highs still expected. Steady as she goes…..

 

ETHUSD – Small pull back and higher highs last week, continuation higher expected into the 4433 target. Watch RSI as we approach 70, a more significant pull back in coming, middle band must hold.

 

 

LTCUSD – LTC is lagging the other Cryptos, more upside is still expected and middle band is support for now. Target is still 376,

 

Looking for  higher this week with middle band as support as we are heading higher across the board. ETH should outperform here on this next legg higher. USD should continue to devalue and I am expecting Cryptos to continue to be bullish. Trade Smart and Trade Safe.

Written by:

Stan Nabozny

Stan is a 20 year retail trading veteran and Co-Founder of The Art of Chart. His specialties include using futures and options to trade Energies, Precious Metals, Equities, Currencies, Bonds, Softs, Grains and other commodities. Stan believes that Risk Management and Trader Psychology are more important that technical analysis and spends his time teaching and coaching other traders on these topics. Stan uses various trading systems and technical analysis approaches that integrate time and price in his work. See his latest articles here and www.huffingtonpost.com.

17th Oct 2021

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