24th March Crypto Technical & Market Watch
(By Shivkumar)
1) BTC/USD
If the BTC/USD pair can close above the $ 6644, it is likely to rally to $8,435.70.We suggest traders buy on a close above the $ 6644 and keep a stop loss at $5,600.Bearish if the price again turns down from $ 6644, a drop to $5,660 is possible. Below this level, a drop to $5,000 is likely.
2) ETH/USD
Ether is currently trading between $117.090 and $155.612.A bounce off the support at $117.090 can carry the price to the resistance at $155.612.If the price again turns down from $155.612, the pair will stay inside the range. If the bulls can push the price above $155.612, we anticipate a move to $208.90.Traders can buy on a close above $155.612 and keep the stop loss at $117. If this level cracks, a drop to $100 is possible.
3) XRP/USD
On a close above $0.17468, the XRP/USD pair can rally to $0.23532 and above it to $0.250. Traders can buy on a close above $0.17468 and keep a stop loss at $0.140.Bearish if the price turns down from $0.17468 once again, a drop to $0.145 is possible.
4) BCH/USD
A move above $332 and above it to $400 is possible. Therefore, the bulls can purchase the breakout and close above the channel with a close stop loss at $196.Bearish if the bulls fail to sustain the price above the channel, the BCH/USD pair might again dip down to $190 and below it to $166.
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
