Table of Contents
Bitcoin (BTC/USD) Evaluation
Key Highlights
Bitcoin is buying and selling flat after hitting a multi-month excessive at $48,234. The crypto market gained momentum on optimistic information that Ukraine and Russia might make a deal quickly. Markets will maintain an in depth eye on talks between two international locations for additional course.
Technical Evaluation
Intraday development – Bullish
On the every day chart, the pair is buying and selling above Tenken-Sen ($44,567), Kijun-sen ($42,701), and Ichimoku Kumo cloud ($40,630). It hits an intraday excessive of $47,434 and is at the moment buying and selling round $47,119.
Main help is seen at $44,990, any violation beneath this stage confirms intraday bearishness. A dip until $44,000 / $43,500 / $42,500 / $41,700 is feasible.
The speedy resistance is round $48,300, any surge previous targets $50,000 / $52,000. Main bullishness can occur provided that it breaks $52,000, a bounce to $60,000 / $69,000 is probably going.
RSI – Bullish
A doable technique might be lengthy on dips $46,000 with SL round $44,500 for TP of $52,000.
ETH/USD Each day Outlook
Key Highlights
Cryptocurrency Buying and selling GlossaryRead extra
Cryptocurrency Buying and selling Glossary
Ethereum’s worth has stalled close to the psychological resistance level of $3,500. It hits a low of $3,333 yesterday and is at the moment buying and selling round $3,402.10.
On the every day chart, the pair is buying and selling above Tenken-Sen ($3,185), Kijun-sen ($2,964), and Ichimoku Kumo cloud ($2,797).
Main help is seen at $3,275, any violation beneath this stage confirms intraday bearishness. A dip until $3,150 / $3,000 / $2,940 / $2,880 / $2,800 is feasible.
The speedy resistance is round $3,500, any break above will take the pair to $3,512 / $4,000.
RSI – Bullish
A doable possibility might be lengthy on dips round $3300 with SL round $3100 for TP of $4000.
XRP/USD Outlook
Intraday development – Bullish
Key support- $0.70, $0.50
Key Resistance- $0.9125
XRP’s worth draw back is capped by 200-day EMA on the $0.8400 stage. Any every day shut above $0.9050 confirms an additional bullish development, it’s at the moment buying and selling round $0.86733. Quick-term development reversal provided that it breaches $1.02 (twenty third Dec excessive).
A doable possibility might be purchase on dips round $0.8650 with SL round $0.80 for a TP of $1.02.
ADA/USD Outlook
Intraday development – Bullish
Key support- $0.95, $0.80
Key Resistance- $1.30
ADAUSD is consolidating in a slender vary between $1.1246 and $1.1628 for the previous three days. Any breach above $1.3043 confirms additional bullishness, it’s at the moment buying and selling at round $1.12121. Quick-term development reversal provided that it breaks $1.57.
A doable technique might be lengthy round $1.180 with SL round $1.070 for a TP of $1.570.
Bitcoin Assist /Resistance
Resistance
R1- $50000
R2- $52000
R3- $60000
Assist
S1- $44990
S2- $44500
S3- $43500
Ethereum Assist/Resistance
Resistance
R1- $3500
R2- $4000
R3- $4200
Assist
S1- $3275
S2- $3150
S3- $3000
See extra on the Newsweek Cryptocurrency Index:
The content material of this text is for informational functions solely and doesn’t represent monetary or funding recommendation. It is necessary to carry out your individual analysis and think about searching for recommendation from an unbiased monetary skilled earlier than making any funding selections.
