Crypto Ideas – Cryptocurrencies held in narrow ranges.

Posted: 7th November 2019

Crypto Ideas & Daily market report November 7th 2019

 

Cryptocurrencies

Cryptocurrencies were held in relatively narrow ranges on Wednesday with an absence of major spikes during the day.

Global countries and central banks continued their push towards launching their own cryptocurrencies which had a mixed impact on existing cryptocurrencies.

Bitcoin was unable to hold above $9,400 and drifted o the $9,300 area with trade caution tending to limit speculative buying interest.

Ether was unable to make a challenge on the important $200 level and retreated to around $190.

 

Trade of the day

Stellar idea – We look to Buy at 0.07250

Stop: 0.0672

Target 1: 0.0900

Target 2: 0.1000

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