Our entry on this trade was at 220. As political uncertainty rises and stocks plummet, we see capital shifting in cryptocurrencies as bullish momentum builds around all the coins. To add to our fundamental analysis, the IMF had their first official cryptocurrency/blockchain meeting in which they stated that "banks should start investing more in cryptocurrencies".
Targets are at 560 with support under the double bottom.
Targets are at 560 with support under the double bottom.
Comment:
Let's see how price reacts of the white trendline.
Trade active:
We are still holding out this trade. Waiting to see how the market reacts to August 1st.