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Latest CoT report data and much more

22 May Latest CoT report data and much more

Posted at 20:46h in Cryptocurrency News by

  • Crypto majors bounce back after a couple of very tough sessions.
  • US-listed crypto miner Canaan smashes expectations.
  • OMG coin shoots to the moon after listing on Coinbase.
  • Bitcoin CoT report data shows mixed a picture.

Crypto majors bounce back after a couple of very tough sessions.

Bitcoin has pushed past the 9K level once again as all of the majors bounced back. The price has so far made a lower high on the daily chart and moved back below the 21 period simple moving average. There is some good news on the technical front, the Relative Strength Index indicator bounced off the 50 mid-line as the price moved higher. This move lower could just be a retracement but where there could be a deeper retracement is if the price breaks below 8106.70.

Ripple’s XRP has pushed higher on Friday breaking back above the 0.20 handle. The main test will be at the red resistance zone on the 4-hour chart below at 0.2071. The price bounced off the 0.19 level and this…

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