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 — I issued a buy signal four weeks ago as we had a dip into our retrace target of 25200. Broken trendline that was resistance should now be support. Lean is long into 45000.
ETHUSD – No Change In Forecast. Buy signal here too, made retrace target at 1720 and looking long from here. Hold into 3500.
LTCUSD – No Change In Forecast. Issued a buy signal here too, as other cryptos are in the zone. This is now confirmed long into 200.
Cryptos are on a buy signal, the broken resistance trend line is the next support test. Lean is long here into September. Trade Smart and Trade Safe.