Hacked: Hacking Finance

Analysis

Quiet Start for Cryptocurrencies after One Month of Correction

Posted on .

Quiet Start for Cryptocurrencies after One Month of Correction

Introduction

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…

// -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- //

To continue reading you need to be a Gold Member or Platinum Member. Let us help you become financially independent by signing up. You will get access to exclusive stories, analysis, and guides by experienced traders, economists, and entrepreneurs. Learn more about us here.

Log In Join Now for $39 a Month! OR Save $69 by Subscribing for a Year!

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Receive New Posts on Email:



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.

Navigation
Now that you know more about Flag Theory and its…