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 — BTC may have turned, a clear conversion of middle band will confirm. There is no positive D here so there is still a chance of a lower low to complete the pattern. We should see a decision on BTC early this week.
ETHUSD – ETH looks like a flag has printed and likely we see a retest of the support trend line. No positive D here so likely we see the retest first before we confirm a turn. Middle band is resistance currently.
LTCUSD – LTC has no rally and is putting in positive D now, looking for the other Crypto’s to join. I am expecting a reversal early this week. It appears that LTC has overthrown the support trend line. This can only last a day or so, bulls need to perform here.
Crypto’s may still pull back here. I am expecting a confirmation of a reversal this week. The next move higher may be marked with a gap which is a typical wave 3 type move after a pull back. Trade Smart and Trade Safe.
20th Sep 2020