2nd March - Crypto Technical & Market Watch
(By Shivkumar)
1) BTC/USD
If the BTC turns down from the current levels and falls below the support at $5,660.47, a retest of the critical long-term support at $5,000 is possible. Traders can have the stops on the buy positions can be kept at $5,600. If BTC pairs turns from the support of $5,660.47, the bulls will try to carry it to the stiff psychological resistance at $7,000 and can rally to $ 9,000.
2) ETH/USD
If the bulls can drive the price above $ 141, the ETH/USD pair can retest at $155.612.A breakout of $155.612 can rally at $194 and above it to $250. Traders can initiate buy positions as suggested in our previous analysis.
3) XRP/USD
If the price turns down from the current levels, the bears will try to sink it below $0.16. If successful, a drop to $0.1275 is possible.If the XRP/USD pair breaks above $0.18867, a move to at $0.216 and above it to $0.25 is possible. Traders who have buy positions can keep a protective stop loss at $0.143. The stops can be trailed higher to $0.16 if the pair breaks out above $0.19.
4) BCH/USD
If the price turns down from the current levels, a drop to $200 or below it, to $166, is possible.If the bulls push the pair above a move to $247.95 and $294 and above it to $350. Therefore, we retain the buy as per previous analysis.
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
