Crypto-Currencies: Bitcoin, Litecoin and Ethereum for November 21st

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 — Retracement is underway as discussed last week and close to a reversal. Against the third standard deviation Bollinger band which is usually enough for a turn.

 

ETHUSD – ETH retracement target made and we can see a retest of the low, turning and expecting a higher high into 5450 next.

LTCUSD – LTC retracement can see marginally lower, looking for a reversal this week.  Target is still 376 and should be seen by year end.

 

The retests in these markets have likely completed. Looking for a turn this week and higher highs next.  USD should turn this week also and I expect it to continue to devalue and  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.

21st Nov 2021

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