April 13th Forex, Crypto & Defi Token Market Analysis - By Shivkumar
The Pair Struggle around 1.19 and can test 1.1980/90 level.
The level to watch for 1.1919 and the break could further test the above level.
If the above level is broken than we can see a rally towards 1.2100.
On the downside breakdown of the wedge we can see the price at 1.1871.
The pair trading below 1.3750 after UK GDP figures and under pressure after US beats its its inflation estimates.
The 4 hours chats shows downtrend and Support awaits at 1.3705 & 1.3670, and resistance at 1.3750, followed by 1.3780.
Next hurdle on the upside is located at $1,740 ahead of $1,745. Above these level we can look for $ 1755.
On the downside, break of $ 1735, can fall to $1,723-$1,727 area.
Bearish as per daily charts.
Ahead of Coinbase IPO BTC price hit a new all-time high at $63,287.
There is no resistance line as its all time high.
BTC rally with a price target of a price target of $74,000 in the long term. But can see some hurdle at $ 65,000 & $ 70,000 levels.
ETH price also formed a new all-time high of $2,229 and remains extremely bullish.
There is no resistance level with a target of $ 2400.
The challenge is the bulls are hesitant to push the price.
The crucial support line is $ 1,985 and the bears will try to pull the price back below $2,040.77.
Bullish if the it pushes the price above $ 2,200 with target of $ 2400.
XRP price is up by 170% in the past two weeks as it seems Ripple will win the SEC lawsuit and can target the next level at $1.86.
A breakout above $1.86 would drive XRP price toward $2.06.
DEFI TOKEN ANALYSIS
The pair has rallied above the all-time high at $36.80.
If the bulls can sustain the price above $ 35.20 it can rally to $ 43 and may also target $ 50.
If the price is below $ 35.20 the price will be range bound.
The pair is range bound between $ 24 and $ 36.
The marginal rise above $30.92, the bulls to challenge the $36.93 as demand dries up at higher levels. But if the demand is met it can rally to $ 40 & $ 50.
On the downside the price can sink below $ 32 and can target $ 24.
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