9th Jan - Crypto Technical & Market Watch
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Bitcoin broke $7,856.76 as we suggested buy in an earlier analysis,which has a minimum target objective of $9,278.52 and rally to $10,360.89. Below $7,856.76, a drop to $7,000 is possible. For now, the traders can hold their long positions with stops at $6,800.
ETH broke $ 140 is facing selling close to the $151.829 to $157.50 resistance zone. Abobe $ 135 if successful, a move to $173.841 is possible. Below $ 135 it can touch $131.484 is possible and traders can hold their buy positions with stops at $122.
XRP below these level $0.2326 to find support at the $ 0.20 and traders can buy once above these level which is a low-risk buying opportunity. Bull will be in control above $0.2326, a rally to $0.31503 is possible.Traders can wait to buy above $ 0.20 or above $0.2326 before any buy position.
BCH above $227.01 this support, we expect the bulls to make another attempt to $241.85. Below $227.01 pair can dip to $ 214 and a fall to $192.52 is possible. Traders can hold buy trades with a stop at $215.
Disclosure: The author holds no cryptocurrency at the time of writing.
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