Bitcoin Analysis May 27, 2021
Trading stabilized
above support 38.2% Fibonacci with positivity on the exclusive momentum
indicator in an attempt to re-rise again above 61.8% Fibonacci at 40225,
Bitcoin's success to rise above 61.8% Fibonacci will confirm Bitcoin's ability
to continue rising towards 46729, while returning to trade below 38.2%
Fibonacci Bitcoin will push back into support zone 23.6% Fibonacci 33720, which
is currently a medium-strength demand area
Ethereum analysis May 27, 2021
Ethereum managed to
stabilize above 50% Fibonacci with positivity on the special momentum
indicator, and we notice a repeated rebound from the 61.8% Fibonacci 2890 area,
so we are waiting for a further rise above 61.8% Fibonacci to confirm
Ethereum's ability to quickly return to 3596, while the lower 50% Fibonacci
will push Ethereum to return For the strongest support at 38.2% Fibonacci-23.6%
Fibonacci 2452-2184, which are medium-strength demand areas currently.
Litecoin analysis May 27, 2021
Litecoin continues to
trade positively above 23.6% Fibonacci with positivity on the special momentum
indicator and is trying to return to trading above 38.2% Fibonacci 199, if
Litecoin succeeds in returning to trade above 38.2% Fibonacci retracement then
its next targets will be around 224-250, and the stability of trading around
that area will be a positive indication of the possibility Return to trading
above 318, while any drop below 23.6% Fibonacci will push Litecoin to the
bottom of the 118 demand area, which is a strong demand area around which long
positions can be opened.
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