Crypto-Currencies: Bitcoin, Litecoin and Ethereum for November 14th

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 — A higher high last week and now a higher high and Neg D on RSI. Looking lower into the monthly pivot area then higher to target. Retracement is underway as discussed last week.

 

ETHUSD – ETH holding up well and testing the support trend line. Still looking for a pull back into the 4000 area then higher highs into 6400.

 

LTCUSD – LTC popped and now should drop into 218 the continue higher. Target is still 376 and should be seen by year end.

Retests are expected this week as we have negative D on RSI on two of the three Cryptos. ETH is hold up well and needs a pull back before going higher. More upside expected across the board one the retest is complete. 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.

14th Nov 2021

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