25th Feb - Crypto Technical & Market Watch
If the bears sink the price below $9,600, we can see the price at $9,176, is possible.If bulls can carry the price to $10,500,we can see uptrend and 11,350 is possible.Between the fight of bull and bear we remain neutral as we find not trade setup for the time.
Ether has been largely stuck between $235.70 and $288.599.If bulls push the price above $288.599, the uptrend will resume, with price objective of $330. If this level is crossed, the up move can extend to $366.A drop to $235 and below at $200 is possible. We suggest traders retain the stop loss on their remaining buy positions at $230.
The bulls are struggling to rally for XRP. Bearish setup has a target objective of $0.18043 on the downside, which is close to the recent lows at $0.17468, as we expect the bulls to defend the support at $0.21.If the price bounces off $0.26362,we can see price at $0.31503 and retest of $0.34681 is possible.Traders can protect their buy positions with stops at $0.26.
Bitcoin Cash is stuck between $404 and $368. Bullish above and bearish below $ 404, can fall at $360. If successful, a drop to $306.78 is possible.We dont find any trades,we suggest traders remain on the sidelines.
Disclosure: The author holds no cryptocurrency at the time of writing.
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