Over the weekend, the cryptocurrency market soars again. The capitalization index increased by 7.7% to $305 billion. However, there are no changes in the growth structure — the best indicators are at BTC, followed by the ETH.

Image credit: CoinMarketCap

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Bitcoin

In BTC, the situation develops in line with expectations. The price is growing in a trend, highs are updated, volumes confirm the direction of movement. In other words, the picture is just like from a textbook on technical analysis. At the moment, the price is already higher than the maximum of 21 June. There is some overbought at the moment, but it is quite possible that this is not a reason to take profits. Partial position unloading can be used within risk and size management systems. The volatility indicators are normal and the correction should not be deep. On the contrary, it is likely that it can be used to increase the position of the most aggressive traders. Stop below the blue line.

Ethereum

ETH chart, as it happens recently, is catching up behind the leader. The trend of growth is maintained, but the trend line has to be constantly adjusted, due to the fact that its borders are somewhat blurred. The upper limit of the trading range in the $233 area is almost reached. It is also the goal of the current movement. In terms of the profit/risk ratio, it is probably the most appropriate decision to temporarily take profits in this instrument. In the event of a breakdown of resistance, chances of continued growth will appear. A window will open for new purchases as part of the impulse strategy.

Ripple

The price of XRP is locked in a range of $0.305- $0.325. There is also an upward movement to the upper limit of the range. The apparent weakness in altcoins persists, therefore, preference within the framework of managing a portfolio of digital assets is given to tools with the most pronounced demand, in particular, BTC and ETH. The signal for starting purchases in XRP can be a breakdown of resistance indicated on the chart with a red line. Up to this point, the risks are too high to consider XRP as an investment item.

EOS

EOS price still below $4.40, which is indicated by a green line in the chart. According to the current technical situation at the moment, the level of $4.40 is key to the coin in terms of maintaining the current or developing a new trend. While the price fails to consolidate above this level. The expectant position will be the most justified, based on the practical side of the issue regarding the most efficient trading.

LTC

In LTC, a security order set at $94.5 triggered. Thus, having saved part of the profit, after which the chart reached the blue line. So far, the price of the pair continues to move within the uptrend. However, the dynamics have changed noticeably, which implies increased caution when making new decisions. As part of the uptrend, you can trade from purchases at the time of approaching quotations to the blue line.

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Author: Marko Vidrih

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