22nd March - Crypto Technicals & Market Watch
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.
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.
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.
(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.
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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