27th Feb - Crypto Technical & Market Watch
The psychological support at $9,000 are being broken which is a bearish sign.The next support on the downside is the $8,240.67-$7,856.76 zone.If rebounds off the current levels and rises above $9,000, it will be a huge positive.We wait before suggesting any trade.
ETH has plunged below the next support at $235.70. This triggered our suggested stop loss of $230 on the remaining buy positions.The next support stop is likely to be $197.75, which is just below at $203.We expect the bulls to aggressively defend $197.75.We wait before suggesting any trade.
XRP fallen below the $0.26362 support,which triggered our suggested stop loss on the buy positions at $0.26. which might have a target objective of $0.18043.The next support on the downside is $0.21302 and below it $0.19979.If the bulls can push the XRP/USD pair above $0.26362, it will signal strength.We wait before suggesting any trade.
If the rebound off $306.78 fails to climb above $360, the bears will attempt to resume the down move to the next target objective of $270.15.If the buyer can push the price above $306 we can see buyer buying at lower and push back the price back above $360.We wait before suggesting any trade.
Disclosure: The author holds no cryptocurrency at the time of writing.
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