Bitcoin And Ethereum Technical Analysis For Wednesday, July 28

Cryptocurrency, Business, Finance, Money, Wealth, Gold

Image Source: Pixabay

Bitcoin and Ethereum Technical Analysis Elliott Wave

  • Crypto Overview: BTCUSD and ETHUSD Lows in place and trending higher.
  • Technical Analysis Bitcoin: The reaction from 40K is bullish corrective Wave (iv)
  • Technical Analysis Ethereum:  2200 support for retracement
  • Bitcoin Elliott Wave: Wave a of (iv)
  • Ethereum Elliott Wave: Wave a of (iv)
  • Trading Levels Bitcoin: 40,000 is a Medium Level (ML4)
  • Trading Levels Ethereum: 2000 Major level TL2|2,000 support. The next levels are Minor Levels also called Minor Group 1: 2,100|2,200|2,300 the aim is to have the 2,300 top of Minor Group 1 the tested support. As this sets the target for 2,500 the Medium Level. 
  • Bitcoin Trading Strategy: Trend traders should be long and Hodlers buy more

Video length 00:29:46

Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.