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Quiet Start for Cryptocurrencies after One Month of Correction

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Quiet Start for Cryptocurrencies after One Month of Correction


This article was posted on Monday, 07:39, UTC.

The major coins are still trading without strong momentum, as the lengthy correction remains intact for both Bitcoin and Ethereum. Ripple is in an even longer sideways trading pattern, while Litecoin and Dash are in a short-term correction after hitting new highs last week. Ethereum Classic, which moved together with smaller coins during the weekend, is still acting weak, but it held up near a strong support zone that could signal a short-term trend change. While the long-term picture is looking more and more constructive for the market, as the overbought momentum readings have mostly been, ETH and BTC are…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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