• Shivkumar

6th Feb - Crypto Technical & Market Watch

(By Shivkumar)

1) BTC/USD

Bulls are continuing to buy at dips. Buyers carried the price to a new 2020 high at $9,744. These breakout can rally to $10,360.89. Below $ 8982, a drop to $8247.60 is possible. We suggest traders the stop loss on the buy positions at $8,200. If the price sustains above $9,600, the stops can be trailed higher to $8,900.

2) ETH/USD

Above $197.75, the rally can extend to the next resistance at $223.999 and above it to $235.70. The traders can trail the stops on the remaining buy positions to $180.  Bearish below $197.75, and pair will turn negative below support at $173.841.


3) XRP/USD

The next target to watch on the upside is $0.28132 and If the bulls can sustain above a rally to $0.31503 can be expected.Bearish below $0.28132 and further breaks to $ 0.2326.Traders can trail the stops on the buy positions to $0.23.


4) BCH/USD

Bitcoin Cash has broken resistance at $403.88 with a sharp rally today and minor resistance at $440 above which, the up move can extend to $500. Bearish from the current level and might again dip to the recent support at $360.

Disclosure: The author holds no cryptocurrency at the time of writing.

Register for Technical news and market update shiv@shivfxcrypto.com

12 views
Image by Andrew Neel

FOREX - CRYPTOCURRENCY

© 2023 by ShivFxCrypto

  • Twitter
  • Facebook
  • Instagram