28th March - Crypto Technical & Market Watch
Bitcoin has stayed above $6,435 for the past three days but the bulls have not been able to scale $7,000 which shows lack of buying.Now bears can sink the price below $6,435. If successful, a drop to $5,660.65 is possible and can extend to $5,000.Bullish above $6,435 and breaks above $7,000, it will resume the up move that can reach at $8,306 and above it $10,000. Therefore, traders can retain the stop loss on the buy position at $5,600.
Ether continues to trade near the midpoint of the $117.090-$155.612 range.Bullish above $155.612, we anticipate the start of a new uptrend. Traders can initiate long positions as previous analysis.Bearish below $117.090, it will indicate that bears are back can drag the price to the next support at $100.
Bullish above $0.17468, we anticipate a move to $0.21608 and above at $0.24.Bearish below the immediate support of $0.15708. Below this level, the pair can re-enter the channel and dip to $0.145. For now, the stops can be maintained at $0.143.
Bullish above the $ 232 move to the at $273 and above it to $350 is likely. Bearish from current levels, it can drop to $197.43 and can drag the price to $166.Traders can retain the buy position previous analysis.
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