18th Apr - Crypto Technical & Market Watch
(By Shivkumar)
Â
1) BTC/USD
Bullish as the bears might present resistance at $7,454.17 but if this level is crossed, the uptrend is likely to resume. The first target is a move to $8,000, then a rally to $9,000 is possible.
Bearish if the bulls fail to rally the price above $7,454.17, and might be range bound for few days.
The trend will turn negative on a break below $6,471.71.
Traders can trail their stop loss on the buy positions to $6,000.
2) ETH/USD
Bullish above $176.103, the ETH/USD pair can rally to $208.50 and then to $250.
Bearish if falls below $148.
Traders can have the stop loss on the buy positions can be maintained at $135. The stops can be trailed to $145 after the pair closes above $177.
3) XRP/USD
Bearish if pair turns down from this level $0.20570, it might remain range-bound for a few more days and will be negative on a break below $0.15708.
Bullish above $0.20570, a rally to $0.25 is likely.
Traders can have the stops on the buy positions can be maintained at $0.155.
4) BCH/USD
Bullish as the buyers are facing resistance at $242 and rally to $280 is likely. Once $280 is overcome, a rally to $350 will be on the cards.
Bearish if the price turns down from the current levels, and fall to $200.
Traders can protect their remaining buy positions with the stops below $197.
Â
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
