100-Day Moving Average is First Great Resistance for Cryptos. Lots of cryptos is close to 100-day Moving average. Bitcoin will hit in a few days 100-day MA where is 25300 USD today..
You can see blue line which is 100-day MA. It has not been broken first time when it touched..
So, Bitcoin may go down from 25300 USD for correction of 100-day MA.
Here is Hive price chart. 100-day MA is broken. It will be great support for Hive. When it begins to increase, Hive will enter midterm strong bullish trend. Because 100-day MA will be great support!!
Here is ETH price chart. ETH tried more than a week to break up 100-day MA. It is broken up and ETH price is going up fastly..
It may be great trading strategy to follow 100-day MA. There are lots of crytos that have not broken up..
You can follow 100-day MA...
Posted Using LeoFinance Beta