1st March - Crypto Technical & Market watch
The failure to push the price above $9,000 is likely to attract another round of selling and leading cryptocurrency to the next support zone at $8,240.67-$7,856.76.If the price sustains above $9,000, a rise to $9,600 and above it to $10,500 is possible.We will wait for the price to rise and sustain above $9,000 before proposing a trade in it.
At $235.70 indicates selling by the bears at higher levels.On the downside, $197.75 is likely to act as strong support.Above $ 242 it will indicate strong buying at lower levels. Such a move might offer a buying opportunity once again.
On a break below the $0.2225-$0.21302 support zone, the decline can extend to $0.18043.the advantage is with the bears.Above supports and sustains above $0.28550 its bullish and negates our bearish suggestion.
Below $306.78 if successful, a fall to at $281.76 and below it to $270.15 is possible. channel. Above $ 306 and break of descending channel a move to $360 is possible. We will wait for a reliable buy setup to form before turning positive.
Disclosure: The author holds no cryptocurrency at the time of writing.
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