Among the leading cryptocurrency TRON is in the lead at the end of trading for 7 days: +8%. With the remaining in drawdown from 5% to 13%. Only EOS keeps about zero (+- 0,15%). Since the beginning of the trading day in positive territory is TRON (down 2.3%), Cardano (of-2.1%), Bitcoin (-1,89%), Ethereum (-0,5%). From 1 to 3% added IOTA, Bitcoin, Cash, Litecoin, Ripple, Stellar. The best dynamics EOS +8.8 per cent.
Since the beginning of the week, since may 21, the market capitalization was losing up to 10%, and may 24 went to recovery. Why not try and then apply the simple rules of technical analysis, and the completion of the downward correction, that is, a period of low demand for cryptocurrencies to be considered a breakdown of the top trends from may 21.
When will the recovery we do not miss the moment and go to the market. Advance purchase is not necessary. For new positions, keep track of $7590. Can trade as a short-term rebound down sales, and the break-up consider this the entry point for Buy.
For the next three days of work according to the following guidelines — the upward correction may end in the range of $614. At the break up and topped up with purchases up to $670. When you hang down and/or breakdown of the trends may 24 – sale to $542.
Everything goes according to plan. Purchase opened after the break up to $11,500. In terms of reaching the upper limit of the downward channel since early may, a possible correction down within the day. The goal to $11,780. A breakdown of the top local maximum for the may 25, promises to rise with the first target to $13,440.
ZECUSD near $260
It is consolidating near the level of $260. The buyer appeared. Daily candle looks quite logical as a signal to buy. Below am attaching the same chart on the H4, go for it. Buy with a target at the middle of the ascending channel to the level of $290.
Seems to have started to increase, but for stronger statements that the couple will give a correction at least to the level of $183 want to see one day of growth. Yesterday, as we waited, stopped falling.
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 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.