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 — The consolidation has finally done something, broken down which should find support at the resistance trend line that broke up. Lean is still long into 45000. Previous low needs to hold.
ETHUSD – Broke down as per BTC above, again, consolidation finally broke, looking for support at the previous low and higher highs. Hold into 3500.
LTCUSD – This appears to be more of a retest and lean is still long into $200 into year end.
Cryptos have consolidated for a long period and have finally broken down, the broken resistance trend line is support and the previous low needs to hold. Lean is long here into September. Trade Smart and Trade Safe.