16th April - Crypto Technical & Market Watch
(By Shivkumar)
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1) BTC/USD
Bearish if the pair sustains below the $ 6839,the immediate support is at $6,553.21 but if this fails to hold, the decline can extend to $5,660.65.
Bullish if the bulls buy the current dip, the price can be above $7,033. If successful, a move to $7,454.17 and $8,000 is possible.
Traders can protect their buy positions with a stop loss of $5,600.
2) ETH/USD
Bearish if the bears sink the pair below $149, and further selling can break the price the price to $135 and below it to $100.
Traders the stop loss on the buy positions can be kept at $135.
Bullish if the pairs turn above the current levels, the bulls will try to propel the price above $176.103. If successful, an up move to $208.50 and $250 is possible.
3) XRP/USD
Bearish break below $0.175 and a fall to $0.15708. If these support break a retest of the recent low at $0.114 is possible.
Bullish if pair turns around from the current levels and rallies above the recent swing high of $0.20570.
Traders can have the stop loss on the buy positions can be retained at $0.155.
4) BCH/USD
BCH/USD pair can now drop to $200 and if this level breaks, it can extend to $166,the advantage is with the bears.
Traders close half of their buy position at the current levels and keep the rest with the stops at $197.
Bullish if price turn above from the current levels and rises above the $250-$280.47 resistance zone, and can rally to $350.
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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
