Weekly reviews

Cryptocurrencies

ADX indicator keeps absolutely passive state, that tells about high probability of flat continuation within the range of lower Bollinger bands (5306.45-7267.40).

Cryptocurrencies

Mid-term flat trading within the range of lower Bollinger bands (5306.45-7128.36) preserves. ADX is in an extremely weak area, that tells about high probability of flat continuation.

Cryptocurrencies

Trading within the range of lower Bollinger bands (5306.45-7384.56) continues. Movement phase is downward, therefore it’s possible to consider short-trades in direction 5306.45 intraweek.

Cryptocurrencies

Tendency for local recovery of bitcoin quotes in direction of middle Bollinger band (7383.42) preserves. At this level the key resistance resides, which going to be used to analyze the further movement of the coin.

Cryptocurrencies

 Flat tendency within the range of lower Bollinger bands (5303.10-7259.64) preserves. Market proceeds in an upward phase so far, therefore, we can expect quotes’ growth in direction 7000.00-7259.64.

Cryptocurrencies

Orderly decline of bitcoin quotes continues in direction of the lower Bollinger band (5198.88). 

Cryptocurrencies

Bitcoin quotes’ decline continues in direction of the lower Bollinger band (5198.88). 

Cryptocurrencies

Bitcoin recovered sharply towards the area of middle Bollinger band (7897.29). 

Cryptocurrencies

Bears stalled the correction towards middle Bollinger band (7897.29) last week, confirming by that their control over the downtrend. 

Cryptocurrencies

Bulls managed to guard support level 5444.19 at the lower Bollinger band