4th April - Crypto Technical & Market Watch
Bearish if BTC/USD pair below $ 6563, a drop to $5,660.47 is possible and there is a low probability for the same.
Bulls can push the price above $7,000, it will signal strength and $7,704 is likely to act as a resistance, and there is a probability to be crossed.
Once $ 7000 is crossed,a rally to $9,000 is likely traders can retain the stop loss on the buy positions at $5,600.
Bullish above $155.612,$189 might offer resistance but probability is more to be crossed. The target objective is a move to $250. We stand buy suggested as previous analysis.
Bearish below $155.612, a few more days of range-bound action is likely and negative below support at $117.09.
Bullish above $0.18867, the pair can move up to $0.21,after this level is crossed, the next move can be to $0.25.
Bearish below $0.16190. Traders can keep the stop loss on the buy positions at $0.143. The stops can be trailed higher to $0.16 after the pair sustains above $0.19 for four hours.
If the bulls can push the price above $250, we expect a move to $350,we stand buy as suggested in an earlier analysis.
Bearish below the current levels and falls below $197.43, a drop to $166 is possible.
Disclosure: The author holds no cryptocurrency at the time of writing.Register for Technical news and market update firstname.lastname@example.orgFacebook :- www.facebook.com/shivfxcrypto ||Instagram :- www.instagram.com/shivfxcrypto1 ||Twitter :-www.twitter.com/shivfxcrypto