Crypto-Currencies: Bitcoin, Litecoin and Ethereum for April 10th

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This is a weekly post covering Cryptocurrencies, specifically  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 as discussed last week and looking for a reversal this week. May still see lower band but three down here looks complete.  Turn this week expected and a break of the R1 expected next.

 

ETHUSD –   ETH testing middle band and expecting a reversal this week, may see as deep as 3000 for the retracement.

 

LTCUSD – Lower band here being tested and is critical support. Lean is long and expecting a turn this week and higher prices.

 

This week look for the reversal in Cryptos. Likely ETH will see roughly 3000 as support and next step up may play out. USD is topping out here so a reversal there will support higher prices in these pairs.  Volatility will remain high this week so mind your size.  Trade Smart and Trade Safe.

Written by:

Stan Nabozny

Stan is a 20 year retail trading veteran, CTA (Commodity Trading Advisor) 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.

10th Apr 2022

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