The market shocked in a narrow range as the Bitcoin market presented an adjustment from $7,400 to $7,600. The longs was weakened. From the movement of the 1-hour chart, the short-term moving averages are stable while the long-term's are climbing. A dead cross above the zero axis showed up in the MACD which means an adjustment is required. We should focus on the support at $7,400, HODL it if the support can be held.
The movement of the ETH market was weak since the resistance at $190 was strong. An adjustment is about to come out if it cannot break the level of $190 and stand on it. In the movement of the 1-hour/ 4-hours chart, divergences showed up in the MACD, and dead crosses showed up in the high positions. We should be careful that the market falls back. Focus on the strength of the support at $184.
Binance Options Copied from BitOffer:medium.com/@SorosLamfer/the-king-of-copy-binance-cheated-again-52a7c971cbf7
Register and Get 50 USDT Bonus: bitoffer.com
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#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD
The movement of the ETH market was weak since the resistance at $190 was strong. An adjustment is about to come out if it cannot break the level of $190 and stand on it. In the movement of the 1-hour/ 4-hours chart, divergences showed up in the MACD, and dead crosses showed up in the high positions. We should be careful that the market falls back. Focus on the strength of the support at $184.
Binance Options Copied from BitOffer:medium.com/@SorosLamfer/the-king-of-copy-binance-cheated-again-52a7c971cbf7
Register and Get 50 USDT Bonus: bitoffer.com
Join our group: t.me/bitofferen
#Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.