Daily Charts – Cryptocurrency 24.07.2021

$BTCUSD – weekly chart

The ‘B’ word conference on Wednesday featuring among others Elon Musk, Jack Dorsey and Cathy Wood had a moderate boost impact as expected. After dropping again below 30K, the de facto crypto manage to recoup some losses and advanced to the 34K level. We re-engaged a position in this name as it has been creating a nice bull flag above the 8EMA. It has some room until it meets further resistance around 46K.


$ETHUSD – weekly chart

Ethereum posted an impressive gain of more than 400 points up to Saturday as it quickly reclaimed its 8, 21 and more importantly its 200EMA. The first psychological level of 2000 has been surpassed, and if it manages to reclaim 2180, it will be above all its moving averages for the first time since June 3rd. It has some room to 2400 before encountering more resistance. So far so good for this crypto, as it is trying to overcome its long channel.



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