28th Jan - Crypto Technical & Market Watch
Bulls are in charge and a break of $9,198.61 now will successful a move to $10,360.89 is possible. Bearish below these level $ 7751, and can drop to the critical support at $7,856.76. Below $ 8411 will be a huge negative. Traders can retain the stop loss on the buy positions at $7,600.
If the bulls can sustain above $173.841, a rally to $197.75 will be on the cards. Traders can book partial profits close to it. Bearish below the $157.5 to $151.829 and traders can hold buy positions with stops at $150.
Bears will again attempt to break it below $ 0.21 and the $0.20041 support zone. If support holds the pair might consolidate for a few more days. Bullish above $0.2326, a move to $0.25401 is likely and the rally can extend to $0.31503. Traders can hold their buy positions with stops at $0.1995.
BCH shown a positive sign with recent correction below $306.78 to build long positions. The next level to watch is $403.88 and can rally to $480. BCH pair will be bearish below $296.13.
Disclosure: The author holds no cryptocurrency at the time of writing.
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