3rd March - Crypto Technical & Market Watch
The price has not further fallen and the next support zone of $8,240.67-$7,856.76 shows a lack of sellers at lower levels. If above $ 9239 successful at buyer will buy at lower level. If below $ 8731, the bears will try to sink the BTC/USD pair to $7,856.76.If above $ 8731, a move to $10,000 is possible. If the price sustains above $ 9239 for three days, we might suggest long positions once again.
If bulls can push the price above $237.33, which is just above $235.70, it will suggest buying at lower levels. After its above $ 235.70 we might suggest a buy and a possibility of $288.599 increases.Below $ 235 it can fall back below $209.95. If successful, a drop to $197.75 is likely.
We anticipate the bears to aggressively defend $0.25-$0.26362.Below the support at $0.22. If successful, a drop to $0.18043 is possible.If the price sustains above $0.26362, we might suggest long positions once again.
If the BCH/USD pair turns down from $360, it might again dip to $306.78. If this level holds, the pair might remain range-bound for a few days.Above $360 and sustain it, a move to the next levels of $400 and above it to $430 is possible. If both these levels are scaled, the next target would be $500. We might suggest long positions on a close ) above $360.
Disclosure: The author holds no cryptocurrency at the time of writing.
Register for Technical news and market update firstname.lastname@example.org