31st March - Crypto Technical & Market Watch
(By Shivkumar)
1) BTC/USD
The bulls are carrying the price above $6,435 and at $6,520. If successful, a retest of $7,000 is possible. Above this level, a move to $7,985 and above it to $9,000 is likely.If the BTC/USD pair turns down from $ 6520 and slides below the support at $5,660.47, a drop to $5,000 is possible.Traders can protect their buy positions with stops at $5,600.
2) ETH/USD
Ether continues to trade between the $117.090-$155.612 range.Below the range can sink the ETH/USD pair to $100 and below it to $84.250.Above the range $155.612 the pair can target at $198 is possible. We retain the buy as per earlier analysis.
3) XRP/USD
If the bulls can propel the price above $0.17468 target to watch on the upside is $0.22 and above it $0.25.If price turns down from $0.17468 the bears will try to sink it to $0.1275. Trades have the stop loss on the buy positions can be retained at $0.143 for now. We shall suggest trailing the stop to $0.16 after the pair rises above $0.19.
4) BCH/USD
Bulls will now try to push the price above at $227 and $247.95. If successful, the BCH/USD pair is likely to rally to at $304 and above it to $350.Traders can buy above $250 and keep a stop loss below $197. Bearish below if the pair below $197.43. In such a case, a drop to $166 is likely.
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
