Hello Cryptotraders, today we will take a closer look at these single cryptocurrencies from a cyclical and price point of view. I state that when you enter my site you must forget “the news” concerning the single cryptocurrency, because the cycles are already set by the market makers and the new is only the scapegoat to justify already designated movements.
BTCUSD
The price of the BTCUSD is enclosed in a price range between 34758 and 39265, the longer the accumulation period, the more strength the new trend will have.
In the last post I considered 29156 as the best point of entry but unfortunately it was not reached for a short time, the second was precisely the support of the range at 34758 and remains an entry point for those who have not yet done so.
In the short term the price could look for an upward cue, and as a reference price I use my MML (Moncini Magnet Line) indicator, this indicator can suggest me where the price could look for a retracement, it is like a 50% dynamic Fibonacci .
For a long-term investment, the price could seek all-time highs at 63600 by (approximately) October 2021.
BTCEUR
The situation is the same on BTCEUR only the prices change.
The accumulation range goes from 28460 to 32260.
In this case I had identified an entry point at 25164 and it remains the best relative low at the moment.
I expect the price to seek 28460 again as the next best long entry point.
In the short term I foresee a cue towards 39000.
In the long term, again around October 2021, we could reach all-time highs at 53144.
ETHUSD
As for ETHUSD the price range is between 1914 and 2893.
I expect the price to reach 2166 again in order to reach 3000 in the short term.
Over the long term, the price could reach all-time highs at 4179 around October 2021.
XRPUSD
With XRPUSD we are used to instability but it seems to have a correlation with all other cryptocurrencies.
The price range is between 0.7935 and 1.0431.
I expect the price to touch the support of the accumulation range again in order to look for the price indicated by my MML at 1.20 /1.26 in the short term.
As for the long term we are aiming for annual highs at 1.90, but there is dynamic resistance to face (yellow line) so we will follow it during the next quarter.
TRXUSD
Finally, let’s talk about the Tron.
The accumulation range is stable between 0.064 and 0.083.
I expect a pullback on the support of the range and then restart in the short term around 0.1146 (MML) and in the long term the all time highs at 0.17.
Here as well as on XRPUSD we have a dynamic resistance (yellow line) and we will analyze it in the next quarter.
Thank you for participating in this post, I hope these brief analyzes have been helpful to you, I don’t want to get lost in long descriptions that lead nowhere, I prefer to be concise, I leave the long and verbose articles to the newspapers.
I hope in the future to be able to satisfy the requests of some of you, but at the moment I still have too few subscribers, as soon as the site starts to grow I will create a specific section.
I just ask you for a like, a share, a subscription to notifications, the sooner the site grows and the sooner we will all grow together.
Happy weekend to everyone.
Jonathan Moncini, Cyclical Trading