14th Dec Crypto Technical & 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
Bulls have been defending the immediate support at $7,085.80, if the bears fail to sink Bitcoin below these we might see some buying in the next few days. Above this level $ 7459 a move to $7,856.76 is likely. If bulls breach these support it can extend to pair could move up to $10,360.89.If the bears will make another attempt to break below $7,085. If successful, a drop to $6,512.01 .
The bulls will now try to push the price to the overhead resistance zone of $151.829 to $157.50. A breakout can propel to $173.841 and above it to $197.75. Traders can buy as per previous analysis. The bears will make another attempt to sink the price below $143.259. If successful, the ETH/USD pair might drop to $131.484.
The bulls defended the next support at $0.20946. A breakout of $0.23260 will be the first indication that the buyers are making a comeback. We would wait for the price to sustain above $0.23260 before suggesting a trade in it. the bears will again attempt to sink the price below $0.20946. If successful, a drop to $0.20041 is possible.
If the bulls succeed in pushing the price above this resistance, the BCH/USD pair might start a rally to $306.78. Therefore, traders can attempt a long position above $227.01. if bear break below $203.36,the next support on the downside is $192.52,.
Disclosure: The author holds no cryptocurrency at the time of writing.
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