2020 for the crypto market is a time of a quality breakout, or at least this is what the users and market participants are expecting. Below, we will discuss some of the expected events and changes.
This week is promising to be rather active for capital markets. We are expecting the statistics, the sessions of Central Banks and watching the Brexit soap opera.
The one but last week of September is going to be rather calm for capital and currency markets; everything we were waiting for has already happened. The time has come for consolidation and forecasts of the nearest future.
The Tron cryptocurrency has been trying to stabilize and even grow during the last couple of days, but the optimistic movements remain scarce. The TRX is clearly lacking an impulse. It is balancing around $0.0163.
The Bank of Canada is not yet ready to change the rate, but the USD plans to strengthen. The price of Bitcoin Cash and Stellar can grow this week.
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The first week of July turned out rather quiet for capital markets: the end of June was too busy for investors. However, market players found room for movement even in such calm settings.
LTC is declining Tuesday, trading at $58.60. After making new local lows, the crypto has been going down for the third day in a row.
Bitcoin has stopped rising by Thu Feb 21, trading around $3,908.37. The current setup is best shown on H1, where the latest upside movement stopped near the current channel resistance.