Bitcoin price continues to rally as the slope of the uptrend is increasing. On July 20, 2022, Bitcoin price has succesfully validated the previous bullish trade setup. Although retail traders may still be in disbelief about the uptrend, the market is providing profitable opportunities for those willing to engage.
Litecoin price has breached a triangle consolidation to the upside. If the technicals are correct a rally towards $70 is underway. Litecoin price currently trades at $60.21 as the bulls have established a new monthly high with a large bullish engulfing candle. The invalidation of the bullish trend can be a break below the triangle at $55.
Cardano price has been an enjoyable cryptocurrency to trade over the last few weeks. On July 8, during the initial rise of Bitcoin, a bearish forecast was issued warning Cardano traders of a possible liquidity hunt in the $0.40 zone. The trade setup worked in the bears’ favor as the Cardano price fell 12% into the $0.40 zone.