The market turned as all the major tokens surged and fell back. A new candlestick updated on the 4-hours chart of the BTC market, then the volume increased and started attacking the MA20 as it once touched the level of $6,600. However, as for now, the fall back was significant. We have analyzed several hours ago, the shocked would not last for long, the market would choose the direction as the triangle was likely to end. The BTC market now ran above $6,000, the support rose up. Hold your position while the $6,000 mark can be held, then wait for the rebound.
ETH once boosted, then limited by the pressure at $137.5 and plunged. However, overall, the short-term support at $!20 was strong, if it can be held, another rebound would come again possibly. In addition, a golden cross is about to show up in the MACD of the daily chart, it does beneficial to the short-term rebound. Hold and wait for the rebound while it can be held above the level of $120.
#BTC #BTCUSD #ETH #ETHUSD #Cryptocurrency
ETH once boosted, then limited by the pressure at $137.5 and plunged. However, overall, the short-term support at $!20 was strong, if it can be held, another rebound would come again possibly. In addition, a golden cross is about to show up in the MACD of the daily chart, it does beneficial to the short-term rebound. Hold and wait for the rebound while it can be held above the level of $120.
#BTC #BTCUSD #ETH #ETHUSD #Cryptocurrency
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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.