We recognize that we had not written in a long time. So today, we treat you with a huge surprise. Thanks to the implementation of Cornix for Binance Futures within the signal service, we have been able to apply our investment portfolio for diversification when making operations within the futures market.
That is why we have also expanded the number of assets to be analyzed within our “Rubikav® Premium🔅Insider” service on Telegram, where we are sending all these market studies, with the aim of giving a clear vision of the real situation of the asset in question.
For this occasion, we bring you in technical analysis of the first ten cryptocurrencies that are listed in Binance Futures.
We have updated the Elliot waves in our study for Bitcoin on the daily chart, and this shows us that we are on an impulse wave 5. Currently, Bitcoin broke the EMA50 at the point of $7175.25 and above the resistance created by the Ichimoku cloud.
But we will tell you the truth, we are waiting for the break of the EMA700 at the exact point of $7310.35 to find a safe area for a long position. Anyway, we are seeing that this zone can be between $7455.15 and $7598.52, with stop loss at $7172.43.
We are also waiting for the daily and weekly closure to make an excellent decision.
We have updated our Ethereum study regarding supports, resistances, Elliot waves, Fibonacci, Gann, low trend lines, and high trend lines on the daily chart, and we have noticed several details.
In the long term, we are actually below 71% of the Fibonacci retraction line, but in the short term, we are above and exactly at the point $143.17. The latter represents a primary support within the daily chart, and as a second support, we have the action price of $152.76, which we had already said in a previous study.
We are touching a projected downtrend line at market failure points at $246.0.6; $274.90; $280.45; and $286.68; and with the current price of approximately $182.49.
With Elliot’s wave correction we can understand…