Remain hovering without clear direction
technical analysis

Remain hovering without clear direction

THELOGICALINDIAN - Price charcoal aerial after bright direction

Resistance: $12,200 & $13,000, support: $11,300 & $10,800.

Data augment from AICoin

Comments:

The alteration represented by the abbreviate lower adumbration this morning is basically aural our expectation. This time, admitting the assemblage has connected for a little best and BTC is abroad from the bottom, the abridgement of abutment from volumes makes it difficult for BTC to finer abide aloft MA 20. Even admitting amount still holds a adventitious to move upwards, breaking aloft the attrition at $13,000 charcoal difficult in the abbreviate term.

Suggestions:

Futures traders can try to comedy the articulation amid the abutment at $11,300 on MA 7 and the attrition at $12,200 on MA 20. Heavy positions are not recommended and positions can be bargain back amount gets afterpiece to either side. Stop loses back amount break beneath $10,800.

Resistance: $1,800, support: $1,570 & $1,420.

Data augment from AICoin

Comments:

Further operations can be implemented afterwards BCH stabilizes in amount move.

Suggestions:

Hold on to your bullets.

Resistance: $1,280, support: $1,150 & $1,100.

Data augment from AICoin

Comments:

Price move reflects trend, which can be accepted by the billow of ETH out of adamant appeal yesterday. After extensive to the attrition as expected, amount started a small-range alteration and confused aback to the 23.6% retracement akin ($1,192.3) from $983 to $1,256.9. ETH still holds a adventitious to breach upwards if BTC stabilizes its amount move and tests upwards.

Suggestions:

Segment can additionally be played, but ablaze positions are recommended.

Resistance: $32.5 & $34, support: $31.

Data augment from AICoin

Comments:

Following ETH, ETC additionally becoming some assets yesterday. As amount charcoal fluctuant, profits can be appointed if there’re no bargain access point.

Suggestions:

If you had bought ETC at a low akin in advance, profits can be appointed at aerial levels.

 

Original by Jerry Cheung from Hashpai, translated by AICoin Jami.

Disclaimer: The advice independent herein is not guaranteed, and is carefully for advice purposes only. It does not aggregate any trading angle and will not be accountable for any accident based on the advice herein.