2021-10-08 • Updated
The time for cryptocurrency has come! Bitcoin is once again looking interesting enough to analyze it. But digital gold is not the only one to watch after. In this article, we would like to give you some interesting crypto ideas for mid-term trades.
That’s right, Bitcoin's weird moves are over! The price skyrocketed through the main resistance line, and we have gained enough momentum to continue the uptrend. The resistance at the RSI has been cleared as well. Now we expect the price to retest $49 000 and to soar higher. In the long-term, we believe the main crypto will renew its all-time highs.
BTC/USD daily chart
Resistance: 55 000; 61 000; 65 000
Support: 49 000; 45 000; 40 000
Bitcoin to gold chart is also interesting. Due to the inverse correlation of gold and USD, you may consider buying BTC/XAU pair when the dollar is especially strong.
BTC/USD H4 chart
Resistance: 31.5; 33.5
Support: 30.5; 29.0
After bitcoin finishes its strong uptrend movement and gives the market some rest, the Bitcoin domination will surely fall, like it does every time. This event is called “altseason” because other cryptocurrencies start to grow apart from BTC. This is a perfect opportunity to invest in other fundamentally strong projects. Ethereum is one of them.
ETH/BTC H4 chart
Resistance: 0.0665; 0.0676; 0.0698; 0.0715
Support: 0.0640
But if you are more into classic cryptocurrency trading (against the greenback), then ETH is still a thing for you to notice. Ethereum has formed a symmetrical triangle, and after some consolidation we expect it to soar. Mid-term targets are $5200 and $7400.
ETH/USD daily chart
Resistance: 4000; 4350; 4820; 5200
Support: 3300; 2750; 1700
LTC has a divergence on the RSI, so while Bitcoin is making its moves, this coin may correct a little bit. Litecoin gets more and more use cases (it has started with PayPal, which accepted LTC as a payment method). In the short term $230 and $360 are the main targets.
LTC/USD H4 chart
Resistance: 195; 210; 230
Support: 172; 160; 140
Robert Kiyosaki, the author of "Rich Dad Poor Dad," has updated his bitcoin price forecast, now projecting the cryptocurrency to hit $100,000 by September. He plans to acquire more bitcoin before April, attributing his decision to the upcoming halving event. Kiyosaki advises investors to consider adding bitcoin to their portfolios and suggests...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone
During the Asian session on Wednesday, the USD/CAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to...
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
|
