April 13th Forex, Crypto & Defi Token Market Analysis - By Shivkumar

FOREX ANALYSIS

EUR/USD

• 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.

GBP/USD

• 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.

XAU/USD

• 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.

CRYPTOCURRENCY ANALYSIS

BTC/USDT

• 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/USDT

• 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/USDT

• 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

UNI/USDT

• 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.

LINK/USDT

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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