30th Non - Crypto Technicals & Market Watch
Bitcoin broke out of the first resistance at $7,337.78 and is currently attempting to breakout of $7,702.87. The next level to watch on the upside is the $ 8388 and above it $9,080. The recovery has started which is a positive sign. Our view will be invalidated if the bears sink the next dip below the recent low of $6,512.01. We are not recommending a long position currently.
Ether has broken out of the resistance at $151.829. It will now move up to the $ 163 and above it to $173.841 where we see sellers stepping in. If the ETH/USD pair dips and breaks below the recent low of $131.484, the downtrend will resume. If the pair finds support above $140, it will signal buying on dips. We will wait before suggesting any trade.
XRP has managed to stay above the first resistance at $0.22. We now expect the bulls to extend the rally to the next resistance at $0.24508. XRP/USD pair will turn negative if the next fall breaks below the recent lows of $0.20041. If that happens, the fall can extend to $0.18. We will watch the price action closer to $0.22 before recommending a trade in it.
Bitcoin Cash has broken out of the resistance at $218.57. It can now move up to the $ 236 and above it to the $ 249. If the price turns down from any of the overhead resistances, it will again dip towards the support at $192.52. We wait for the reversal before suggesting any trade.
Disclosure: The author holds no cryptocurrency at the time of writing.
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