Trading Ideas on Wednesday: BTCUSD, ETHUSD and ZECUSD

in #trading • 7 years ago

Good afternoon my dear steemians and traders!

💰 Capitalization of crypto-economics: $ 424.652В
💵General trading volume: $ 23.679B
💥The share of bitcoin: 36.5%

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BTCUSD: formed the "Head and shoulders"

Bitcoin did not re-descend to $8779 and did not realize the wedge. Instead, he went on an extremely unlikely scenario and approached $9200. A bullish pattern of "Head and Shoulders" has been formed, but I think it's too much to hope for, it's very small and blurry, except that the larger GIP was never realized before, it's possible that this pattern will not work either. We need a short-term consolidation at $9200, to prevent: the formation of a larger bear wedge and overbought at RSI Connor, after which a breakthrough is necessary, in this scenario the previously opened positions will break even, now they are in a small minus.
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ETHUSD: tested $650 and went up

Ethereum dropped to the desired mark and triggered a buy order from $650, now the position is in the black. Bollinger belts are directed upward, one could observe a very curved double bottom (yellow oval), after which several hours later two hammers (a purple oval), which as a whole will continue to contribute to growth, and within 1-2 days the rate is likely to rise above the local resistance $700. Need a short consolidation, to reset overbought on the oscillator. Vitalik Buterin reported on the upcoming release of the technology of shading for the blockade Ethereum.
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ZECUSD: I'm waiting for growth to $305

Zcash corrected, and then grew as expected (shown by arrows), although it did not form a bull pattern. The position opened from $276 is in positive territory, it should be kept as long as possible. Growth is now a little prevented by a slight overbought on the MACD, while the Keltner channel is turned up. Most likely, by the end of the week the rate will rise to a local resistance of $305 and 23.6% of Fibo, after which you will need consolidation for 10-12 hours and a spurt up, with a breakdown of $312. The investment application Circle Invest announced support for the decentralized Zcash crypto currency.
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I wish you profits!!!

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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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Have a nice day!!!

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