![]() ![]() We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. What is your view on the cryptocurrency market – bullish or bearish? You can let us know via the form at the end of this piece or you can contact the author at or via Twitter provides forex news and technical analysis on the trends that influence the global currency markets. Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide. Ether (ETH) Daily Price Chart (September 2018 – April 15, 2019) To the upside, a break of the recent $187.8 high would open a potential move to $222 ahead of $252. ![]() While this supportive trend continues to suggest higher prices in the short- to medium-term, ETH needs to stay above $160 other a fall back to the $142 area may be seen. Ripple (XRP) Daily Price Chart (August 2018 – April 15, 2019) Ether (ETH) Supportive Uptrend Needs to HoldĮther continues to consolidate its recent trend higher, making a series of new higher lows from Mid-December. Ripple should continue to range trade for now. To the downside, support around $0.28 needs to be respected and should hold in the short-term before $0.25 level comes into play. The recent peak around $0.38 acts as first resistance followed by the December 24 high at $0.45 which will need a fundamental driver to be broken above. The third-largest cryptocurrency has given back most of April’s gains and looks stuck in a range going abck to late-December 2018. Bitcoin (BTC) Daily Price Chart (September 2018 – April 15, 2019) Ripple (XRP) Stuck in a Range Support at $4,796 remains.Ī Guide to Day Trading Bitcoin and Other Cryptocurrencies. A break and close above here should open the way to $6,110 ahead of a cluster of previous prints around the $6,500-$6,800 area. ![]() The recent five-month high around $5,460 needs to be re-tested before $5,650 comes into focus. Turnover in the largest cryptocurrency has turned lower in the last few sessions, seemingly keeping prices in check for now. Top Five Cryptocurrencies by Market Capitalization – ApBitcoin (BTC) Needs to Break Above $5,650 to Trigger Next Leg Higher Ether (ETH) trade data shows 91.6% of traders are net-long.Ripple (XRP) trade data shows 97.8% of traders are net-long.Bitcoin (BTC) trade data shows 80.8% of traders are net-long.IG Client Sentiment Data shows how retail are positioned in a variety of cryptocurrencies. Ripple range trades, Ether’s uptrend remains in place.Bitcoin turnover slows down as traders look for next leg of the move higher.Bitcoin, Ripple and Ether Price, Charts and Analysis: ![]()
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