Crypto Market Very Top-Down Oriented Right Now: Analyst

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The 50-day moving averages for both $BTC and $ETH have helped measure resistance. 'They are a good gauge of the prevailing intermediate-term trend,' StocktonKatie says. Chart of the Day breaks down the data, presented by cryptocom:

Fairlead Strategies Founder and Managing Partner Katie Stockton dives into the weekly XRP chart and explains why the market is very top-down oriented at the moment.

 

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