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FreshForex launches two crypto analysis forecasts for BTC, ETH and XRP

Feb 26 2018
By
Jonathan Smith

 

As more and more traders are turning their attention to cruptocurrency trading, forex broker FreshForex announced it is launching two brand-new forecasts for the top three coins: Bitcoin, Ripple and Ethereum.

 

These are called Technical crypto analysis based on breakout, and Elliott waves crypto analysis. Successful trading in cryptocurrencies, as is the case with any other financial instrument actually, requires a good strategy.

 

Technical crypto analysis based on breakout

This is a trend following analysis using a breakout entry formation that generally produces the best results. It can be used on almost all time frames and on all pairs. There are several types of breakouts, but this analysis focuses on trend line breakout and double top/triple top/bottom breakout. Trend line breakout includes also breaks that occur out of various shapes on the cryptocurrency chart such as wedges, channels, triangles, and all the other shapes part from rectangles.

 

Elliott waves crypto analysis

This is a support and resistance system for Bitcoin, Ripple or Ethereum trading that should only be used in a higher time-frame chart (of at least one hour). When drawing the support and resistance levels for crypto trading, this analysis uses a range, not a single line.

 

FreshForex is an offshore fores broker with more than 10 years of experience in the industry. It offers trading in currency pairs and CFDs on MetaTrader 4 and MetaTrader 5 platforms. Furthermore, you can trade in Bitcoin in the form of CFD with a leverage ratio of 1:100.

 

TAGS: FreshForex  Bitcoin  Ethereum  Ripple 
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