11th Apr - Crypto Technical & Market Watch
(By Shivkumar)
1) BTC/USD
If the BTC/USD pair rebounds from $6,834, it will signal strength and increase the possibility of a breakout $ 7312. Above $7,500, a rally to $8,000 and above it to $9,000 is possible.
Bearish if the bears sink the pair below the $ 6834, a drop to $6,500 and below it $5,660.47 is likely.
Traders can keep the stop loss on buy positions at $5,600.
2) ETH/USD
If the pair rebounds off $ 152, the bulls will make another attempt to carry it above the $174.
We can expect a new uptrend can reach $ 208, with target objective $ 250.
Bearish if the pair dips below $ 151, a drop to $117.090 is likely.
Traders can stops on the buy positions can be kept at $135.
3) XRP/USD
Bearish below $0.183 and pair can dip to the strong support of $0.15983.
Bullish if the pair rebounds off the 0.18 the bulls will again attempt to start a new uptrend towards $0.25.
Traders can retain the stops on the buy positions at $0.155.
4) BCH/USD
Bearish pair below the $ 237, a drop to $200 and below it to $166 is likely.
Traders can retain the stops on the buy positions at $197.
Bullish if the pair bounces off the current levels or from $200, the bulls will again attempt to push it above $281.
Disclosure: The author holds no cryptocurrency at the time of writing.Register for Technical news and market update shiv@shivfxcrypto.comFacebook :- www.facebook.com/shivfxcrypto ||Instagram :- www.instagram.com/shivfxcrypto1 ||Twitter :-www.twitter.com/shivfxcrypto
