Tokenized securities & Digital assets trading is the new trend

As the Earnings seasons kicked off in the U.S, Stocks were looking poised to wipe off the losses accumulated prior to Christmas last year. The U.S equities ended the 4-week winning streak on Friday on U.S-China trade talk optimism. Cryptos, on the other hand, rebounded from the earlier weekly lows creating higher lows at the time of writing. In Forex, USD rebounded strongly mostly due to the inherent weakness in the Euro. Let’s review some weekly numbers before moving on.

Cryptocurrencies have started the year on optimism that the digital assets would shape some kind of rebound on mainstream adoption & regulatory framework coming in effect. The Cryptos have so far moved in a tight range with some resilient bounces from the yearly lows. We are still searching for that elusive bottom, but we can look at the Bitcoin chart (hourly) to see how the technical patterns are dictating the short-term price patterns.

BTC has so far held the trend line from the earlier low honoring the bullish trend line. If the Crypto kingpin is able to break free from the resistance around $3900, the bullish bias would aim for the previous highs at around $4200. The total…