We suggest traders look to buy cryptocurrencies that have held above their strong supports and are quick to bounce back from the fall.
Let's see if we spot any trading opportunities in the top five performers of the past seven days.
The 20-week EMA is also close to it we expect a rebound from one of the supports.
Thereafter, the pullback found support at the 61.8% Fibonacci retracement level of the up-move.
If bulls scale $2.5566, the pair will pick up momentum and can rally to $3.45 and above it to $4.Conversely, if bears sink the price below the range, it can slump to $1.2616, which is a strong support.
The price has turned down sharply and is retesting the critical support at $81. This is a bearish sign.
If successful, we might see another attempt by the bulls to propel the price towards $120.However, if the digital currency plunges below $81, it can drop to the next support at $60.147.
The exchange announced support to additional pairs on its fiat-enabled trading platform in Singapore.
The bulls held the first support of $28.7168 during the week, which is also a positive sign.
If the support holds, the pair might remain range-bound for a few weeks.
Top 5 Crypto Performers: BTC, LINK, XMR, OKB, BNB
Published on Jul 14, 2019
by Cointele | Published on Coinage
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