26th March - Crypto Technicals & Market Watch
(By Shivkumar)
1) BTC/USD
The bears are defending the $7,000 level,bulls trying to keep pair above level of $6,435.If the bulls can push the price above $7,000, a move at $8,343 is possible. If the price dips below $6,435,a drop to $5,660.65 is possible,and the next level to watch $5,000. Traders can keep a stop loss of $5,600 on the long positions.
2) ETH/USD
Ether is trading close to the midpoint of the $117.090-$155.612.It can be range bound if the ETH/USD pair turns down from $155.612.We stay buy as by previous analysis.Bearish if it turns back from current level or below $117.090. Below this level, a drop to $100 is likely.
3) XRP/USD
If it drops from current level a drop to $0.144 is possible.If the bulls can push the price above $ 0.17 the pair is likely to attract buyers. We stay buy as previous analysis.
4) BCH/USD
If the price turns down from the current levels and breaks below $197.43, the BCH/USD pair can drop to $166.If the bull can push the price above $234 it will signal a likely change in trend and a move at $274 and above it to $350 is possible. Traders can buy on a breakout and close above $ 234 and keep an initial stop loss of $196.
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
