11th Feb - Crypto Technical & Market Watch
Bears are defending the price at $10,360.89 aggressively.Bulls are unable to scale the price up. Short term traders are also likely to book profit. Bearish are looking to pull the price below $ 9600 than $ 9097 is possible.Above these level it can target $ 10,360.89 and $ 11,500 is possible.Traders can book partial profits at the current levels and keep the stop loss on the remaining buy positions at $8,900.
Bears are aggressively defend the $223.999-$235.70 zone. In the earlier analysis, we had advised traders to book partial profits in this zone.We have a strong support at $197.75 it can drop to $173.841.Above these support the pair can consolidate between $197.75-$235.70 for the next few days.Above $235.70 the price can rally to $289.221 and above it to $318.238.We advise traders keep the stop-loss on the remaining buy positions at $190.
Above $ 0.256 if successful, the next level to watch on the upside is the $0.31503-$0.34229 resistance zone.Below these level pair can decline to $0.2326. Traders can keep the stop loss on the buy positions at $0.245.
Bitcoin Cash has been trading around the $450 levels for the past few days.If the price does not move up soon, short term traders can book partial profits and get the price around $ 400.Above $ 460 it can rally to $ 500.
Disclosure: The author holds no cryptocurrency at the time of writing.
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