16th Jan - Crypto Technical & Market Watch
#cryptotrading #crypto #btcusd #ethusd #xrpusd #bchusd #technicalanalysis #btcnews #CryptoNews #btc #xrp #bch #eth #cryptocurrencytrader #cryptotrading #cryptomarket #cryptocoins #cryptoinvestor #cryptosignals #cryptolifestyle #cryptowallet #cryptoinvest
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.
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.
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.
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.
Register for Technical news and market update firstname.lastname@example.org.