Coronavirus got more serious, Dow Jones Futures index triggered circuit breaker again. All the major tokens decreased, while the Bitcoin market dropped down and failed at defending the $6,000 mark, then stepped back to the MA10 at $5,600 in the 1-hour chart. As we analyzed before, the market dropped to the support at $5,600 after the $6,000 mark was broken. The MACD in the 30-mins and 1-hour chart ran below the zero axis, which indicated that the adjustment has not ended. But due to a golden cross showed up in the MACD of the daily chart, it would limit the decrease range to some level. Pay more attention to the support at $5,600.
The ETH market rebounded with a low volume, then fell back. The market falls again and once touched the support at $120. However, if a golden cross can show up in the MACD of the daily chart, ETH would be likely to stop-fall at $120 and rise back. Focus more on the support at $120.
#BTC #BTCUSD #ETH #ETHUSD #Cryptocurrency
For more market analysis and earning tips, Google "BitOffer".
The ETH market rebounded with a low volume, then fell back. The market falls again and once touched the support at $120. However, if a golden cross can show up in the MACD of the daily chart, ETH would be likely to stop-fall at $120 and rise back. Focus more on the support at $120.
#BTC #BTCUSD #ETH #ETHUSD #Cryptocurrency
For more market analysis and earning tips, Google "BitOffer".
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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.