12th Dec - Crypto Technicals & Market Watch
(By Shivkumar) #cryptotrading #crypto #btcusd #ethusd #xrpusd #bchusd #technicalanalysis #btcnews #CryptoNews #btc #xrp #bch #eth #cryptocurrencytrader #cryptotrading #cryptomarket #cryptocoins #cryptoinvestor #cryptosignals #cryptolifestyle #cryptowallet #cryptoinvest
Bitcoin has dropped to the immediate support at $7,085.80. The next stop recent lows of $6,512.01. If this support also cracks a deeper correction to $5,533.90 is possible. If the bulls defend the support at $7,085.80, range-bound for a few more days and if breaks these level we might have a bearish trend. if the bulls can push the price we anticipate a rally to $10,360.89. We stick by earlier analysis for traders.
The bulls are defend the support at $143.259 and bears defending resistance at $151.829. If they succeed in breaking below the $143.259 to $140 support zone, a drop to $131.484 is possible. If the bulls push the price above the resistance zone of $151.829 to $157.50, We stand by the previous analysis for traders.
XRP has been holding above $0.22 for the past two days.A break below the uptrend line can drag the price to $0.20946 and below it to $0.20041. A long positions for the trader if the price sustains above $0.2326 for a few days.
Bitcoin Cash has dipped to its critical support at $203.36. If the bears sink the price below $203.36, a drop to $192.52 is likely. If the BCH/USD pair bounces off the current levels or from $192.52 and rises above $227.01. We stick by previous analysis.
Disclosure: The author holds no cryptocurrency at the time of writing.
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