14 Apr - Crypto Technical & Market Watch
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.
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.
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.
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.
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