Paragon (PRG) records a growth of 9.650% while the repayments SEC-Ordered Draw Near

[ad_2][ad_1]

The technical settings have been little changed in the last 48 hours in the cryptocurrency segment, with the main currencies exchanged between key support and resistance levels, with no clear direction. The first coins are stuck below their recent swing highs, despite Friday's rally attempt, but on a positive note, the volatility is low, and for now the last week's lows are not in danger.

While tomorrow we expect a quiet trading to continue, the rest of the week will be crucial for the segment, in deciding the fate of the counter-current rally. Given the magnitude of the November crash, we expect the oversold move to continue, although the long-term picture remains clearly bearish and from a broader perspective, it is still very likely that at least a new minimum test will occur. of the bear market. With this in mind, even if short-term traders could continue to play the long side here, strict risk management rules should still be used.

IOTA / USD, analysis of the 4-hour chart

The leaders of the countermove showed conflicting signs from Friday's rally attempt, with Ethereum and IOTA defending relatively well, although Litecoin returned most of its gains. For now, the big picture still indicates the continuation of the rally, but we will continue to monitor the leaders for further signs of weakness.

BTC / USD, 4 hour chart analysis

Bitcoin continues to show weakness compared to short-term leaders, but remains a safe distance from the support level of $ 3600, so the short-term purchase signal is in effect in our trend model. The currency still faces strong resistance in the $ 4000- $ 4050 zone, with targets above $ 4450 and between $ 5000 and $ 5050.

Short-term traders may still enter these positions, although the long-term downtrend is clearly intact, but given the relative weakness of BTC, the leaders of the movement are more attractive to short-term gains. Support below $ 3600 is close to $ 3250, with the next main zone starting near the $ 3000 price level.

ETH / USD, 4 hour chart analysis

Ethereum is still one of the strongest majors from a short-term perspective, and the currency is approaching to take Ripple as the second largest coin once again. For now, ETH is above the $ 130 level, with all eyes on resistance to $ 160, but also two strong downward trend lines are conversing at the current price level, which could lead to further uncertain exchanges. Additional support zones are close to $ 120 and between $ 95 and $ 100, while another strong resistance level is ahead of $ 180

Undulation remains weak while Litecoin can not keep the moment

LTC / USD, 4 hour chart analysis

While Litecoin showed strength during Friday's rally attempt, it has since drifted lower and now LTC is trading just above the $ 30 level after returning a large chunk of the gains. Despite the weakness, the currency remains in a favorable short-term technical position, with the short-term sales signal in our trend model.

Litecoin faces a strong resistance near the $ 34.50 level, with another strong zone at $ 38 and with the recent swing high it is close to $ 36, while support under $ 30 is close to $ 26 , and traders could still enter new positions here.

XRP / USDT, 4 hour chart analysis

Ripple hovers around the support / resistance level of $ 0.3550 after showing relative weakness with respect to leaders from Friday's move. The currency continues to be the signal of short-term purchase in our trend model, but the long-term sales signal is not in danger. The long-term key resistance is still ahead in the $ 0.42 – $ 0.46 zone, with additional levels at $ 0.3750 and $ 0.40, while additional support is close to $ 0.32 and $ 0.30.

Shutterstock foreground image

Disclaimer: the analyst possesses cryptocurrency. It holds investment positions in the currencies, but does not carry out short-term or day-trading transactions, nor holds short positions on any of the currencies.

[ad_2]Source link