This Is Not The Time To Be Short Cryptos

www.investing.com/analysis/this-is-not-the-time-to-be-short-cryptos-200304332

By Alexandros Yfantis | Apr 10, 2018 07:44AM ET

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BTC/USD

-3.70%

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ETH/USD

-0.25%

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XRP/USD

+0.41%

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LTC/USD

-0.55%

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Back in December and January we have been bearish cryptocurrencies and all of our targets have been achieved. I believe that a bullish wave as a very strong bounce will soon come for the cryptocurrencies we monitor. Below I point out the price levels that need to be broken for this positive scenario to come true.

BTC/USD

BTC/USD Chart

Bulls must break above the green downward sloping trend line resistance. Break it and we can see BTC/USD back near 12k.

ETH/USD

ETH/USD Chart

First important resistance that bulls must break is at $431…but the most important one is at $474 where we find the downward sloping trend line resistance. Break it and we can bounce towards $800.

XRP/USD

XRP/USD Chart

Bulls must break above $0.55-0.57 for a possible bounce towards $1-1.20…key support is at $0.45.

LTC/USD

LTC/USD Chart

If trend changes in Cryptoland and LTC/USD breaks above the downward sloping black trend line resistance ($172) we could even see new all time highs in Litecoin.

Disclosure: None of the information or opinions expressed in this blog constitutes a solicitation for the purchase or sale of any security or other instrument. Nothing in this article constitutes investment advice and any recommendations that June be contained herein have not been based upon a consideration of the investment objectives, financial situation or particular needs of any specific recipient. Any purchase or sale activity in any securities or other instrument should be based upon your own analysis and conclusions.

Disclaimer: None of the information or opinions expressed in this blog constitutes a solicitation for the purchase or sale of any security or other instrument. Nothing in this article constitutes investment advice and any recommendations that may be contained herein have not been based upon a consideration of the investment objectives, financial situation or particular needs of any specific recipient. Any purchase or sale activity in any securities or other instrument should be based upon your own analysis and conclusions.

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Central Banks

Interest Rates

Next Meeting

FED

4.50%

Mar 19, 2025

ECB

2.90%

Mar 06, 2025

BOE

4.50%

Mar 20, 2025

SNB

0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

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This Is Not The Time To Be Short Cryptos

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