In the last weeks of the Cripp, the market has embarked on a new rally. While some describe the effect of the price as a "bullish trap" or something, other evidence points to the fact that this market may be on the verge of a long-term rally or remain in broad consolidation.
Referring to the recent movement observed in the value of all digital assets, some traders note that this market finally broke the resistance line of the 15-month downward trend and stayed on the short-term upward trend.
Supporters of this theory are motivated by rising volumes, explaining that this increase is quite enthusiastic.
To begin a new bull run, the market capitalization of all crypto assets must breakthrough the 200 daily moving average, which is a dynamic resistance in this bear market, and in order to break this level, the total market capitalization must rise above $145 billion , which is close to 10% above the current value.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.