What happened in the cryptocurrency world over the first autumn weekend.
On Friday and the weekend, the situation on the cryptocurrency market developed according to the bullish scenario.
Bitcoin
Bitcoin (Bitcoin) conducted an attack in the direction of $7,466 and is currently consolidating at $7,238. Over the past threedays the control prices of two macro areas have shifted: from $7,466 to $7,412 and from $7,108 to $7,049. Together with yesterday's tests of $7,412 (note the large volume) such changes hint at increased activity of sellers.
Daily Scenario
BTC chart by TradingView
First of all, today buyers are interested in testing the $7,412 level once again. The next target is the upper border of the high-volume area ($7,590).
Ethereum
By keeping eye on ethereum (ETH/USD), we witnessed a dramatic attack on $298. Unfortunately, the cryptocurrency wasn’t able to fix above the control price.
Daily Scenario
ETH chart by TradingView
Today we are still waiting for a bullish attack - at $298.
Dash
On weekend dash (DASH/USD) fulfilled all the goals of the bullish scenario.
Daily Scenario
DASH chart by TradingView
After a fruitful weekend the next target for bulls is the $236 mark. By fixing above it, the сryptocurrency will be able to prepare for a neat attack on $280 - 290.
Aside from bitcoin, ethereum and dash, there are several other interesting digital currencies available from the 1,700 which are worth taking a look at. The losers and winners of the past 24 hours are: Pirl with 105,8% growth and EPLUS Coin with 39,01% decrease. Keep an eye on cryptocurrencies, study them and use our quotes page to keep up to date.
Trading in the cryptocurrency market is associated with high risks and is not suitable for every investor. The above analysis should not be considered as a recommendation or a call to action. Each trader should assess the risks for themselves. Both the author and Insider.pro are not liable for the potential losses incurred.