• Shivkumar

22nd March - Crypto Technicals & Market Watch

(By Shivkumar)

Indian Exchange Launches Lending Program for 5 Cryptocurrencies


An Indian crypto exchange has launched a program that allows its users to earn interest on their cryptocurrencies held at the exchange. Initially, users can lend BTC, USDT, BNB, XRP, and ETH.



1) BTC/USD


Bitcoin (BTC) has been trading in a tight range between $3,950 and $4,035 for the past three days.If the digital currency breaks out and sustains above $4,255 that has a target objective of $5,273.91.f this support also breaks, a fall to $,3575 is probable.Therefore, traders can keep the stop loss on the long positions below $3,236.09.


2) ETH/USD


If the bulls scale $144.78, a quick rally to $167.32 is likely because there is no resistance in between these two levels that has a target objective of $251.64 will complete.If the bears sink a fall to $116.3 is probable. Traders can protect the remaining long positions with stops at $125.


3) XRP/USD


(XRP) continues to consolidate in a tight range. On the upside, the target levels to watch out for above it $0.40.On the downside, $0.27795 is an important support, below which the slide can deepen to $0.24508. Therefore, traders can retain the stops on the long positions below $0.27795.


4) BCH/USD


The BCH/USD pair will carry the price to $175 and above it to $220. We expect the pair to reach resistance of $239. Therefore, traders can keep the stop loss on their long positions at $116.

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

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