21st 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 fail to scale above the $ 7253 within the next couple of days, a retest of $6,512.01 is likely. A breakdown can drag the price to $5,533.90. A psychological support at $7,000, it will increase the possibility of a move to $7,856.76. We will recommend a buy above $7,856.76, until than we hold.
2) ETH/USD
A breakdown level of $131.484. can be recent low of $117.09, a drop to $100 is possible. If bulls sustain the price above $131.484, a rally to $141 is possible. If bears turns down and stays above $117.09 pair will remain range-bound for a few days.
3) XRP/USD
The bulls are currently attempting to hold the price above $0.18 levels. If the XRP/USD pair breaks above $0.20041, a rally to $0.22 is possible. If the bulls fail to push the price above $0.20041 once again, the bears will try to sink the price below $0.17468. If successful, a drop to the next support at $0.15 is possible. We wait before proposing any trade.
4) BCH/USD
If the bulls can push the price above $192.52, a move to $203.36 is possible. If the price can sustain above $192.52, it will signal that the BCH/USD pair might have bottomed out at $169.62. If the pair turns down at $204 and breaks below $192.52, the bears will try to extend the downtrend. The next support on the downside is at $125. We will wait for the pair to sustain above $192.52 before proposing a trade in it.
Disclosure: The author holds no cryptocurrency at the time of writing.
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