10th March - Crypto Technical & Market Watch
(By Shivkumar)
1) BTC/USD
The bulls are attempting to defend the support at $7,856.76, a bounce off the support can carry the price to $8,400.If the price turns down from $8,400, the bears will make another attempt to sink the pair to the next support zone of $7,000-$6,435.we suggest traders to wait and remain on the sidelines.
2) ETH/USD
ETH/USD pair plunged on Mar. 8, which broke the support at $209.95 and triggered our suggested stop loss at $208. Currently, the bulls are attempting to defend the support at $197.75. A bounce off this level can carry the price to $209.95 and above it to at $229.If the bulls fail to defend the support at $197.75, a drop to the $179 is likely.We will wait before proposing a trade in it once again.
3) XRP/USD
If the price turns down from $0.22250, the bears will attempt to resume the downtrend and drag the price to $0.17468. Our bearish view will be invalidated if the XRP/USD pair breaks and sustains above the $ 0.24.We will wait before proposing a trade in it once again.
4) BCH/USD
The bulls are attempting to defend the support at $270.15. If successful, the BCH/USD pair might pullback to $306.78 and above it to $360.If the price slips and sustains below $270.15, it will be a huge negative,watch on the downside would be the psychological support at $200. We will wait for the pair to sustain a bounce off $270.15 before turning positive.
Disclosure: The author holds no cryptocurrency at the time of writing.
Register for Technical news and market update shiv@shivfxcrypto.com
Facebook :- www.facebook.com/shivfxcrypto ||Instagram :- www.instagram.com/shivfxcrypto1 ||Twitter :-www.twitter.com/shivfxcrypto
