16th Jan - Crypto Technical & Market Watch
(By Shivkumar)
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1) BTC/USD
Bitcoin rallying towards $10,360.89 and might face slight resistance to $9,500. Buyers are looking to buy at dip of $ 7856.Bearish if the price turns down from the current levels or from $9,500 and below support at $7,856.76. Traders can trail the stops on the buy positions to $7,600.
2) ETH/USD
Ether is picking upward momentum. The price is facing minor resistance at $173.841. If the price above $173.841, a move to $197.75 is possible. Bearish below $173.841 and can be range-bound for a few days.Partial profits trades can book closer to $170 and trail the stops of buy positions at $150. Bearish below $151.829.
3) XRP/USD
From current level there is a target objective of $0.278. Above this level, target is $0.31503. Traders can create buy positions at current levels and stop loss at $0.19950. Bearish $0.23.
4) BCH/USD
If price does not move up from current levels, there is a tight consolidation near $360 and if it breaks these level ,the next target is $423.40. Traders can trail the stops on buy trade to $300. Bearish below $306.78.
Disclosure: The author holds no cryptocurrency at the time of writing.
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