Trading ideas on Monday: BTC, XRP, XMR and LTC
Good afternoon my dear steemians and traders!
💰 Capitalization of crypto-economics: $ 471.661В
💵General trading volume: $ 16.005B
💥The share of bitcoin: 41.5%
BTCUSD: continues to consolidate over $11500
At Bitcoin in the last hours nothing unusual, the price returned to the gap between R1 and $11500 with a subsequent breakdown. Chop Zone while in the blue zone, so that a small increase in the next few hours is possible. In the interval between $11500 and $12000, further course dynamics will be decided.
XRPUSD: corrected
On the breakdown of the triangle, it was possible to open new routes earlier, in the triangle itself this could not be done, since it is symmetrical. After the centripetal impulse, as expected, the flag was formed, followed by an impulse and Ripple tried to gain a foothold above the level of $1.06 (weak local). Now the price has corrected and after the formation of the pennant (or other figure), you can open new long lines with a small volume, a positive moment is a weak overbought on the oscillator. In the long term, the outlook for Ripple is very optimistic
XMRUSD: tested the level of $390
Monero justified the most optimistic assumptions and tested the resistance level of $390. As expected, since the last post, the rate has increased, although the level of $352 gradually loses its significance. Nevertheless, it is with a decrease to it that it is worth discovering new longies that should be fixed closer to the fork (expected on March 14, it should be fixed on March 11-13). On MACD a weak overbought, but it is better to wait for the alignment of the moving average Arno Legu horizontally or its upward turn.
LTCUSD: symmetrical triangle
Model "W" did not work, (apparently due to the fact that it should be drawn on the bottom). Now on LTCUSD the symmetrical triangle, as well as on Ripple earlier was drawn. Indicators of Bollinger and MACD indicate continuation of consolidation, so new positions should be opened depending on the breakdown. If the breakdown is down, then decrease to R2, if upwards then rise to a resistance of $235.
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Information presented in this material is the opinion of the author (@maksym7) and is not an offer to a specific action.
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