18th Feb Crypto Technical & Market Watch
(By Shivkumar)
1) BTC/USD
BTC critical support $9,700. and short term traders have booked short term profit at $ 10,360. Bearish below $ 9700, the next support at $9,097.15. Fall below the $9,097.15-$8,820 support zone will turn the trend in favor of the bears. Traders can keep the stop loss on the remaining buy positions at $8,900.
2) ETH/USD
Ether turned back from $288.599,which was very close to our first target objective of $289.221.$235.70 is the critical level to look for. If above these level it can be bullish. Bearish below these level and $229 might act as a support and will be negative below $197.75. Traders can trail the stop loss on the remaining buy positions to $220.
3) XRP/USD
Bearish trend further sink the price below $0.26362, the drop can extend $ 0.241.If the price stays above $0.26362, the bulls will again attempt to carry the price to $0.34229. A few days of consolidation between $0.26362 and $0.34229 before the XRP/USD pair starts a trending move. Traders can keep the stop loss on the buy positions at $0.26.
4) BCH/USD
The critical support for BCH is $ 360.We might see the pair in consolidation mode if the price stays above $ 421. Bearish, if the bears sink the price below the support at $360 and $343. If this support cracks the decline can extend to $306.78.
Disclosure: The author holds no cryptocurrency at the time of writing.
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