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Market View

Cryptos Market Intraday Outlook

Friday, September 8, 2017 11:42 AM GMT

All Cryptocurrencies, BTCUSD-ETHUSD-LTCUSD, are moving similarly today. They are consolidating and there isn’t clear direction on short-term. BTCUSD and LTCUSD are bullish while ETHUSD is bearish according to the 200 SMA.

Bitcoin has established a higher swing low at 4440$ level. We have noted a short-term resistance at 4760$ while a support at 4240 where traders can find potential trade setups.

Ethereum has established a higher swing low at 316$ level. There is strong resistance around 345$ as there is a confluence of 200 SMA and 61.8% Fibo level. On the other hand, the 300$ level may offer a potential buying opportunity to traders.

Litecoin is ranging between 82.5 and 78.3$ levels. It has established a higher wing low at 74.8$ level. Any setback at 200 SMA could be buying opportunity for the bulls.

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