ADA to GBP – HOW TO TRADE ADA/GBP 26TH OCTOBER 2021
Cardano rose above the 20-day EMA on September 25 but the long wick on the day’s candlestick shows that bears aggressively sold at higher levels as we had projected in the previous analysis.
Cryptocurrency Market Analysis
Once a week Platinum Crypto Academy publishes an in-depth publication and dedicated article for covering Cryptocurrency Market Analysis Weekly, sharing exactly how we will be approaching the cryptocurrency markets specifically Bitcoin, Ethereum, Ripple XRP, Bitcoin Cash and Chainlink.
Cryptocurrency Market Analysis Weekly – Why We Are Confident
The professional trading experience our team gained over 10+ years trading the Forex markets, Commodities and Stocks has helped us develop high performing approaches in the cryptocurrency market. We are providing the very best crypto market analysis.
We will always cover two types of technical analysis in each article providing key trading levels as well as fundamental market analysis on the crypto currency marketplace.
Short Term And Long Term Market Analysis
Our Technical Analysis will cover both Short-term technical analysis the period in between a day and a week, with emphasis on small price changes and patterns and Long-term technical analysis ranging between a month and a year.
BNB price GBP- How To Trade BNB/GBP 26TH OCTOBER 2021
Binance Coin dropped to £238.30, just below our target of £240 projected in the previous analysis. The BNB/GBP pair has been trading below the 100-day SMA for the past three days, indicating a lack of demand even at these levels.
Ripple Price GBP – HOW TO TRADE XRP/GBP 26TH OCTOBER 2021
XRP has been trading between the 100-day SMA and the 20-day EMA for the past few days. The failure of the bulls to push the price above the 20-day EMA suggests that sentiment remains negative and traders are selling on rallies.
ETHEREUM PRICE GBP – HOW TO TRADE ETH/GBP 26TH OCTOBER 2021
Ether has been sandwiched between the 100-day SMA and the 20-day EMA for the past few days. This shows that bulls are buying on dips but demand dries up at higher levels and bears assert their dominance.
BITCOIN PRICE GBP – HOW TO TRADE BTC/GBP 26TH OCTOBER 2021
We had warned that Bitcoin could face selling near the 20-day exponential moving average (EMA) and that is what happened. The bulls tried to push the price above the 20-day EMA on September 24 and again on September 27 but failed.
LITECOIN PRICE GBP – HOW TO TRADE LTC/GBP 2nd March 2021
The bears had several opportunities but they could not sink Litecoin below £100 in the past few days, which suggests strong demand at lower levels.
