RESISTANCE BREAK THEN 53K SUPPORT BREAK THEN 44K NOW 50K

Sep 2, 2021

A rising tide floats all boats in the cryptocurrency market today with mid-to-high single-digit gains seen across the space. We have been positive on the market for weeks now and see no reason to change with chart set-ups continuing to flash bullish signals. The latest rally has been led by Bitcoin (BTC) which has broken back above 50k and looks set to move higher. Ethereum (ETH) continues to make fresh multi-month highs while Cardano (ADA) now trades in unchartered territory. Further down the list, there are double-digit 24 hours gains for a range of alt-coins including IOTA (MIOTA), Fantom (FTM), and Mina (MINA). As always the crypto market is vulnerable to short-term swings, so this needs to be factored in before making any trading decision.