• Shivkumar

17th Dec - Crypto Technicals & 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

1) BTC/USD

Bulls are struggling to keep Bitcoin above the $7,085.80 support. If the bears sink the price below $7,000, then another support at $6,512.01 increases. If the bulls defend the support at $6,512.01, it might remain range-bound between $6,512.01 to $7,856.76 for a few more days. A break above $7,856.76 will create space for buying. Traders can initiates trades as per previous analysis.

2) ETH/USD

The price have once again broken support at $143.259 and is likely to dip to the next support at $131.484. A break below $131.484 will resume downtrend. If ETH/USD rises above current levels from $131.484 and rises above the $157.50.We wait before suggesting any trades.


3) XRP/USD

If the price below $0.20041, the downtrend will resume. The next support on the downside is $0.18.Bullish if pair bounces off $0.20041 and rises above the $0.22. We will wait and suggest trade on a break above $0.2326.


4) BCH/USD

The bears are support at $203.36. We anticipate a move down to $192.52.  If the bears sink the price below $192.52, the downtrend will resume. The next support on the downside is much lower at $166.98. If the bulls defend the support at $192.52, remain range-bound between $192.52 and $227.01 for a few more days. We will and suggest trade once it breakout of $227.01.

Disclosure: The author holds no cryptocurrency at the time of writing.

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FOREX - CRYPTOCURRENCY

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