25th Feb - Crypto Technical & Market Watch
(By Shivkumar)
1) BTC/USD
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.
2) ETH/USD
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.
3) XRP/USD
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.
4) BCH/USD
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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