Crypto-Currencies: Bitcoin, Litecoin and Ethereum for November 28th

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 close to complete, looking for a turn thi9s week and a drop in the USD. Looking for the flag resistance trend line to break up.

 

ETHUSD – ETH retracement target made and we have a double bottom, a marginal lower low is possible. Looking for a reversal this week and next legg higher into 5450.

 

LTCUSD – LTC retracement has seen a lower low and now looking for a reversal this week.  Target is still 376 and looking for a rally with the fall of the USD.

 

 

The retests in these markets have likely completed and with the holidays now complete, look for market participants to buy Cryptos. Looking for a turn this week and higher highs.  USD may have turned  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.

28th Nov 2021

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