• Shivkumar

19th Dec - Crypto Technical & 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

If the bulls manage a close above $ 7233 it will indicate buying by the aggressive bulls. Above the $ 7233 a move to $7,856.76 is possible. Aggressive traders can attempt to trade this move but should keep a small position size because the trend is still down. we will wait for the price to breakout and close (UTC time) above $7,856.76.If the price turns down from the $ 7233, the bears will attempt to resume the downtrend. Below $6,512.01, the next support is at $5,533.90.recommending a trade in it.

2) ETH/USD

The bulls are currently attempting a rebound off the support at $120. The first resistance is likely to be $131.484. If this level is scaled, the next resistance $ 143.Below $ 143 the downtrend could extend to $100 if the $120 support cracks. We will wait before suggesting any trade.


3) XRP/USD

The current level will face stiff resistance between $0.20041 and $0.2326. The bears will attempt to sink the price below $0.18. If successful, the XRP/USD pair can drop to $0.15. We suggest traders to wait before suggesting any trade.


4) BCH/USD

Bitcoin Cash broke below the support at $192.52 and dipped close to our target objective of $166.98.The bulls will attempt to carry the price back above the $192.52 to $203.36 resistance zone. If successful, it will indicate demand at lower levels.If the bears sink the price below $166.98, the BCH/USD pair can extend its fall to $125. We will wait before suggesting any trade.


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

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FOREX - CRYPTOCURRENCY

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