RATE Group | Cryptocurrencies trade higher today as majors take out some important levels
70368
post-template-default,single,single-post,postid-70368,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Cryptocurrencies trade higher today as majors take out some important levels

30 Nov Cryptocurrencies trade higher today as majors take out some important levels

Posted at 00:04h in Cryptocurrency News by

[ad_1]

  • Crypto majors are all trading higher today with Bitcoin trading 4.41% higher.
  • Some of the pairs have made new wave highs breaching important levels.

BTC/USD: 

After completing the prominent inverse head and shoulders pattern the price tested the support zone of the break perfectly and pushed higher today. Looking around there has been no real fundamental reason behind the move but some analysts have been pushing the undervalue oversold story in recent sessions. Today is the Bitcoin futures expiry so we could expect some volatility leading into the US close as traders may rollover contracts. The market has been selling off for some time now and leading into the halving event (14th May 2020) prices may rise as predicted.

Bitcoin Analysis

LTC/USD – BCH/USD – ETH/USD – ETC/USD:

Litecoin, Bitcoin Cash, Ethereum and Etherum Classic have all made similar patterns to the Bitcoin price above but in relative terms, Bitcoin has outperformed the rest of the crypto majors. Looking…

[ad_2]

Source link

Tags:
, , , , , ,