• Shivkumar

14 Apr - Crypto Technical & Market Watch

(By Shivkumar)

1) BTC/USD


  • Bearish Below minor support at $6,553.21, which can break critical support at $5,660.65. If this level also breaks, the pair can drop to the support line at $5,000.

  • Bullish the price above $7,454.17. Such a move will indicate strong buying by the bulls at lower levels.

  • Traders can stops on the buy positions can be retained at $5,600. 

2) ETH/USD


  • Bearish below $ 153, the pair can fall to $137.086 but if this support also fails to hold up, the next level on the downside is $117.09.

  • Traders can protect their buy positions with a stop loss at $135.

  • Bullish if the pair rebounds off the current levels and breaks above $168 and $176.103 resistance zone, it would indicate strength.

  • The first target on the upside is $250 and above it $288.599.


3) XRP/USD


  • The bears are gaining the upper hand and a break below $0.175, a drop to $0.15708 is possible. If this level breaks down, it will be a huge negative.

  • Bullish if rebounds off the current levels or the support at $0.15708, the bulls will make another attempt to scale above the $0.2057-$0.21608 resistance zone. 

  • If successful, the price can reach $0.25 and above it $0.28.

  • Traders can keep the stop loss on the buy positions at $0.155.


4) BCH/USD


  • Bearish if the next support on the downside is $200 and if this level also cracks, the decline can extend to $166.

  • Traders can have the stops on the buy positions can be kept at $197. 

  • Bullish if the pair rebounds off the $200 support and rises above $250.

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|| Whats App :- +91-70439-12326

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Image by Andrew Neel

FOREX - CRYPTOCURRENCY

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