Happy Holidays to everyone. All the best for the New Year!! Covering Cryptos this week, 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 — No change from last week, we can rally from here and see higher highs or find 52500 resistance and retest the low. This chart may punch the upper bollinger then a retest of middle band and higher may play out. BTC is turning. Above 52500 we open target at 78554.
ETHUSD – Retest of the low on ETH and looking for the next rally. A larger three down is possible at 3197. Either path, I still expect ETH to lead to the upside. Target is 5432
LTCUSD – No change to forecast here also, LTC has found support at the rising support trend line and it will likely hold. Higher highs are expected in 2022.
Wishing all readers a healthy and prosperous 2022. Cryptos are turning and I am still expecting these instruments to be bullish in 2022. Watch for a punch of the upper bollinger band, retest of middle band then a follow through rally. USD should push Crypto/USD pairs higher as we have seen the middle band on DX break down. I expect USD to continue to devalue in 2022 and expecting Cryptos to continue to be bullish. Trade Smart and Trade Safe.
02nd Jan 2022