Trading ideas for Thursday: BTC, DASH, XRP, ETH and ZEC

in #trading • 7 years ago (edited)

****Hello my dear steemians and traders!****

💰 Capitalization of cryptoeconomics: $ 346.908 B
💵General trading volume: $ 20.901 B
💥The share of bitcoin: 40.2%

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BTCUSD: the first test 8300 $ with a rebound

Bitcoin continues to move along the planned path, though due to the last three peaks (highlighted by an oval) and a rebound from the resistance of $ 8300, the probability of a decrease to the reference Pivot increases. In this situation, it takes several hours for a consdidation to reset the overbought to MACD, after which a breakdown of the resistance of $ 8300 and a withdrawal to $ 9000 is possible by a powerful impulse. Open long long positions are best transferred to a breakeven.
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ETHUSD: bullish pennant

The ETHUSD has fulfilled the signal for purchase. Bulls won the fight for a key level of $ 515 and the centrifugal trend continued. Now the price draws a bullish pendant, its working permit will rise to around $ 560 in about a day. New long positions open risky, if you want to do it, it is best not more than 1/10 part of the deposit. In general, the technical picture for the bulls is good, despite the growth, overbought on the oscillator insignificant, there is a bullish pennant, the average sliding Arno Legu turns up. Early lings are best defended by breakeven.
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XRPUSD: the triangle is punched upwards

Ripple struck the triangle up. At the moment, the price is condoned and returned to the Keltner channel, which is still upward, there are no obvious bullish patterns, but there is no overbought on the oscillator, so in a few hours the growth is likely to resume. Soon there will be positive news on Ripple.
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ZECUSD: will continue consolidation under $251

Zcash, as we expected to drop a bit, then resumed growth, although the doji formed on the decline and the growth turned out to be a cenotresting one, but now a wavy and centrifugal stage begins. Double resistance test $ 251 ended with a rebound down. The blue zone on the Chop Zone is preserved and the price returned to the Keltner channel, however, to reset the overbought on the oscillator, consolidation is necessary under the level of $ 251, after which the uptrend will resume. The nearest real goal is $ 260, it is better not to open new long lanes, the old ones can be saved.
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DASHUSD: Bovine Flag

Dash did not adjust to $ 390. Now a bullish flag was formed, its implementation will allow to overcome this level of resistance (most likely temporarily, then roll back below). In favor of such a scenario, the preservation of the blue zone on the Chop Zone and the return to the middle Bollinger Band (it should be noted that the upper band was leveled with the resistance, which is not very good), the recommendations are to keep the longs in the mid-term, you can even open new ones until the flag began implementation.
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I wish you profits!!!

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https://t.me/FinanExp
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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Have a nice day!!!

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Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BTCBitcoin8928.700$7.42%11.38%
DASHDash456.241$5.83%25.23%
XRPRipple0.922$8.87%43.3%
ZECZcash278.880$7.65%20.49%
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