18th Jan - Crypto Technical & Market Watch
(By Shivkumar)
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1) BTC/USD
Bitcoin its up move and its target remains $10,360.89. Dips to the $ 7512 can offer a buying opportunity for new trades to traders . Below $7,856.76,traders can hold their buy positions with stops at $7,600.
2) ETH/USD
ETH has reached the resistance at $173.841, above which, a rally to $197.75 is possible. The traders can book partial profits on the remaining buy positions close to $190. Bearish from the current levels and below the $157.60 to $151.829 support zone. For now, the traders can retain the stops at $150, which can be trailed higher after the pair scales above $173.841.
3) XRP/USD
If the price can now scale above $0.2454, it can target to $0.31503. As per previous analysis can maintain the stop loss at $0.1995. Bearish below $ 0.23.
4) BCH/USD
Bitcoin Cash is to rise above resistance at $360 once again. If successful, it can reach $423.40. Traders can retain the stops on the buy trades at $300 and stops can be trailed higher after the pair scales above $360. Bearish below the support at $306.78.
Disclosure: The author holds no cryptocurrency at the time of writing.
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