Trading ideas for Thursday: waiting ...
Good afternoon, steemians and traders!
BTCUSD: Buyers will feel better if they are not stuck in the range of $ 10,700 - $ 11,655
Despite the active recovery in recent hours, the high trading risks of long positions still remain relevant. Let me remind you once again that to get back to the previous levels, you must at least go for $ 12700, but in turn, to achieve this, you do not need to "rest" at $ 10,700 - $ 11,655. I will say more, before the potential growth there is a chance to test the lower border of the uptrend once more, and it is at the level of $ 9,500, then something similar to the "double bottom" will be formed again. The price very often returns to those levels where it already had time to visit, so seeing the very $ 9500 is quite a competitive variant of the development of events.
XMRUSD: waiting for a new slide
Monero has updated the weekly low below $ 240. The rate is likely to fall again below the global trend line, as pointed out by Aroon, the average sliding exponential and the position of the MACD oscillator, it is in the overbought zone despite a short price drop. Support for $ 320 now is resistance. With the price falling to the level of $ 240, there is a hope for the formation of a reversal figure a double bottom, after which the chances of the bulls to resume the uptrend will increase substantially.
LTCUSD: H4 chart
There are two variants of the development of events: the first is consolidation over $ 204 and the return of Bollinger bands to the horizontal position, with a short-term flat, the second is a gradual decline and the third test is $ 150 of support. The second option is slightly less likely than the first, because despite the upswing MACD remained in the zone of overgrazing, and Aroon (albeit weakly) signals the beginning of consolidation. For the resumption of the uptrend, it is important for bulls to break through the resistance of $ 204.
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Information presented in this material is the opinion of the author and is not an offer to a specific action.
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