Buyers on cryptocurrencies can already start to congratulate on a moderate recovery. The good news from a technical point of view, I note an upward trend in total market capitalization. Perhaps this can be attributed to the fact that in a world of global dynamics of the index of business activity in the manufacturing sector went into decline. This triggered a growing interest in the cryptocurrency.
Dynamics leading dozens of cryptocurrencies as of 12:00 MSK was absolutely positive. The greatest advantage was EOS +12,5%, IOTA +11%, Cardano +10.3 per cent. Bitcoin was in the black by only 4%. As of 20:00 Moscow time the picture is less rosy: 4 asset left on negative territory, and 6 with positive dynamics traded +0.07 percent to +3.7 percent.
The idea of long positions is logical and past purchases are justified. Once broken the downward trend-may-June, prior to the renewal of the low scenario of growth is a priority for us (from a purely technical point of view). Goal in the range of $8000.
Now closer to the action on the cue ball: new purchases should open when subject to the breakdown maximum July 3 ($6650). The second variant – if will cause a rebound up from the level of $6559, you can also consider the option of a buy entry. While the tactics will be.
On the daily chart held a breakdown of the top trends for may-June, which can be viewed as a script to start long positions. However, it is not necessary to hurry up with a unique solution. Just temporarily, at the moment, give priority to long positions.
Buy trade logically to open within the rebound up from the line of the uptrend. Second option: break up the level of $480. Upside target could be around $510.
Previous levels itself worked great. Now move the technical guidelines. Now a good trading situation. Working in support for 3 July. Buy logical, while the minimum value is not updated. Aim for maximum of a month. If the price will go under the low of the day – to-sales trend line from June 29. The target estimated level of sales 8,4999.
A surge in buying activity and price growth zcash for exceeded our previous goal. Now I propose to consider a new purchase when rebound up from the range of $175. Only if there will be formed a bounce up. A short-term deal to Buy to work for you.
Over the past couple of guidelines are well practiced technical picture. Now I suggest to use the $135,87. If you end up buying for $140 and a break-down promises to move in the range of $128.
Maria Salnikova, an independent currency strategist, especially for CoinSpot
My channel for traders with trading signals in real time: http://clc.la/mariacoinspot
The review reflects the subjective position of the analyst-partners Coinspot subject to personal trading style. Trading operations with cryptocurrency are increased risks due to the nature of the market. The editors are not responsible for your trading decisions and recommends trading only to those funds, the loss of which will not be critical.