19th March - Crypto Technical & Market Watch
(By Shivkumar)
1) BTC/USD
The BTC/USD pair is largely stuck between $4,400-$6,000.We might suggest long positions after the price breaks out and closes above the $6,000-$6,435 resistance.Bearish sink the pair below $4,400-$3,803.58 range. Such a move will be a huge negative. However, we give it a low probability of occurring.
2) ETH/USD
If the bulls fail to push the ETH/USD pair above $117.090, we anticipate a drop to the next support at $84.25 and further to $50.if the bulls can carry the pair above a move to $139.386 is possible. We will wait for a new buy setup to form before proposing a trade in it.
3) XRP/USD
A break below the small uptrend line can result in a fall to $0.1275 and below that to $0.1140. If this level also gives way, the downtrend can reach $0.10 and below that $0.075.If the bulls can keep the XRP/USD pair above the uptrend line, a move to $0.17468 is possible. A breakout of this will be the first sign that bulls are making a comeback. Until then, we remain neutral on the pair.
4) BCH/USD
This might keep the range-bound between $150-$200 for a few days.A break below $150 will be a negative sign and will result in a retest of the recent low of $141.11. If this level cracks, the drop can extend to $105.We might recommend a long position if the pair sustains above $200.
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
