Market without much variation. Still red


The start of Friday has been quite slow for the market, dawning practically at the same level as it was on Thursday, but that it is still quite red and it does not look like this is going to change.

Bitcoin in full support at $ 31,600 prompts a break of that support, forming much stronger red candles and with it would destroy the entire market.

Let's see how the market will be for this weekend, in my new analysis for Cryptocurrency.


Bitcoin price chart 07/16/2021 | TradingView

Bitcoin, on the 4H chart, is currently at the $ 31,600 support, well below the 21.55 and 200 EMAs, with no signs of recovery.

The bears are in full control of the BTC and will try to forcefully break the support and bring the price below $ 30,000.


Ethereum price chart 07/16/2021 | TradingView

Ethereum, on the 4H chart, shows a slight recovery from the last resistance at $ 1,950.

However, it is below the EMAs and there are no signs of recovery.

Bears in full control of ETH seek to forcefully break support and send the price below $ 1,850.

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Analysis by analyst César Quintero for Cryptocurrency

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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of Cryptocurrency, and should not be attributed to Cryptocurrency.

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