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.
Bitcoin Cash has been facing selling in the £380 to £400 resistance zone but has been finding buying support near the 20-day EMA. This is a positive sign as it suggests traders are accumulating at lower levels.
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.
Traders hate uncertainty and that is one of the main reasons why XRP has been languishing near its yearly lows when most major cryptocurrencies are trading near their 52-week highs.
Ether is in a strong uptrend and the bulls have pushed the price back towards the recent high at £996.45. The upsloping moving averages and the RSI in the overbought territory suggest bulls are in command.
Bitcoin dropped to £31,005 on February 28 as we had anticipated in our previous analysis. The rebound off the strong support has also been according to our expectation.
Bitcoin Cash has been facing selling in the £380 to £400 resistance zone but has been finding buying support near the 20-day EMA. This is a positive sign as it suggests traders are accumulating at lower levels.
