28th Apr - Crypto Price Analysis
The bulls are struggling to push the price towards the immediate target of $8,000.
If Bears sink the pair back below the breakout level of $7,454.17, a drop to $7,190 is possible.
If $ 7190 support holds bulls will make another attempt to push to the $8,000-$8,175.49 resistance zone. Above this zone, the rally can extend to $9,200.
Bearish below $ 7190 and can fall to $6,676) is possible and the trend will turn negative on a break below $6,471.71.
Traders stops on 50% of the buy positions can be kept at $7,000 while the rest can be trailed higher to $6,450.
Bears are defending the $200-$207 resistance zone.
Bears will now attempt to drag the pair to $175.7.
As per the trend and RSI setup which shows the buyers are in control.
Bulls might buy at the dip of the pair below $ 175, and the price again can rally.
Traders the stop-loss on the buy positions can be trailed higher to $160.
Bulls have not been able to carry the price to the top of the $0.17372-$0.20570 range.
Bearish below the $ 0.189 a drop to the bottom of the range at $0.17372 is likely.
Bullish above $ 0.189 bulls can drive the price above $0.20570 and first target $0.25 and then a rally to the long-term downtrend line at $0.28.
Traders the stop-loss on the buy positions can be kept at $0.170.
Bullish bounces off $ 234, the bulls will once again try to drive the price above $250. If successful, a move to $280.47 is likely.
Bearish below the $ 234, a drop to $215 and below it to $200 will be on the cards.
Traders the stop-loss on the buy positions can be retained at $197.
Disclosure: The author holds no cryptocurrency at the time of writing.Register for Technical news and market update email@example.comFacebook :- www.facebook.com/shivfxcrypto ||Instagram :- www.instagram.com/shivfxcrypto1 ||Twitter :-www.twitter.com/shivfxcrypto|| Whats App :- +91-70439-12326