These Indicators Give Clues to BTC, LTC, ETH and XRP Investors!


2021 has been a pretty good year for cryptocurrencies, and according to indicators, it will continue that way. Although there was a pullback after April, it can still be stated that most crypto currencies are continuing their way with big gains according to the prices at the beginning of the year.

October September and October, the charts show that there may be some more rises in crypto currencies. according to analysts, investors should follow these indicators.

Streamers and Flags

After reaching approximately $65,000 in April, Bitcoin the $30,000 tested the support level and has been trading just under $50,000 ever since. Bitcoin has been forming a streamer pattern in recent weeks, which may indicate that another significant move will occur when the cryptocurrency is experiencing a breakdown in some way.

A strong break in the upward direction, in the opinion of analysts, may increase the chances of retesting earlier highs. However, a strong break in the downtrend may also cause the support level of the 30.000 dollar to be retested.

According to the data obtained, a similar situation Litecoin It also applies to (LTC). Litecoin has been trading in the december100 to $400 range since last year, creating a streamer pattern similar to Bitcoin. An upward break increases the chances of further upward movement, while a downward break may lead to a re-test of the $100 support level.

Ethereum, Ripple and Similar Charts

Ethereum it has been trading in the december 1.500 to $4.400 range since last year and has been forming a wedge pattern with similar effects to the streamer patterns over the past few weeks. A strong upward break can trigger another attempt to reach previous highs, while a downward break can cause the krypton to test its previous lows.

Finally XRP since last year, and is trading in the range of $ 2,00 0,4000 to formed a wedge pattern, an uptrend in the past week, breaking once more XRP is designed to raise $ 2, while the lowest levels may cause a downward breakout of last year to be tested again.

The information contained in this article absolutely does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and they should conduct their transactions in accordance with their own research.

You can follow our news on our Telegram channel, Instagram, Facebook, Twitter accounts and Youtube channel.