This Is Not The Time To Be Short Cryptos
Alexandros Yfantis | Apr 10, 2018 07:44AM ET
Back in December and January we have been bearish cryptocurrencies and all of our targets have been achieved. I believe that a bullish wave as a very strong bounce will soon come for the cryptocurrencies we monitor. Below I point out the price levels that need to be broken for this positive scenario to come true.
BTC/USD
Bulls must break above the green downward sloping trend line resistance. Break it and we can see BTC/USD back near 12k.
ETH/USD
First important resistance that bulls must break is at $431…but the most important one is at $474 where we find the downward sloping trend line resistance. Break it and we can bounce towards $800.
XRP/USD
Bulls must break above $0.55-0.57 for a possible bounce towards $1-1.20…key support is at $0.45.
LTC/USD
If trend changes in Cryptoland and LTC/USD breaks above the downward sloping black trend line resistance ($172) we could even see new all time highs in Litecoin.
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