BTCUSD: Bitcoin closer to the end of the trading session on Thursday continued to trade near $7122 resistance. During the day the coin formed a reversal pattern “double bottom” from the local Lowe’s at around $6800, the result of which can be seen already now: the BTCUSD pair is trading at $6900. The MACD on timeframe indicates that similar dynamics, while on smaller timeframes it manifests itself bullish side. At the moment, growth is holding back 50 period moving average, however, in our opinion, this should not be a hindrance to open trade with $7250.
LTCUSD: LTCUSD Pair fell slightly on Thursday, remaining predominantly in the range of $57,5-$60. Apparently, the bears are going to continue to put pressure on buyers and the bullish momentum could be seen closer to the beginning of the Asian session can be described as a pullback before a new wave of decline. There is also every reason to believe that after several tests the $58 support is breached by bears, and our sell signal with a $57 is activated. Technical indicators continue to point to a dominant position of sellers, which we will continue preparing for the opening of new short positions.
ETHUSD: the Ethereum also continues to trade within the descending channel after the correction, the pace where you could stop $283 resistance. The sellers continue to keep buyers in suspense, not allowing to play even a small part of the previously lost positions. It is noticeable that the price bounced off the 200 period moving average, while MACD is under the influence of the correction continues to indicate that the bears are weakening the pressure on the market. The RSI oscillator is within the range of normal values. We recommend you to sell the coin from the current levels on a market price with a target of $250.
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