1st October Cryptocurrency Updates.

  1. BTC/USD

If the bears break down the BTC/USD pair can decline to $6,341 and below that to the critical support zone of $5,900–$6,075.

On the upside, the $6,831.99 line is the critical resistance. If the bulls scale above this, a rally to $7,413.46 will ensue.

Traders can hold their long positions with the stop losses (SLs) at $5,900.

  1. ETH/USD

Ethereum is trading at a range in the range of $200–$250. Above $250, the ETH/USD pair might rally to $300–$322.57. The key support to watch on the downside is the zone of $192–$200. No Positive trends or News for these weeks for traders. Hold your trades until favourable market news.

  1. XRP/USD

Ripple continues to trade in the range of $0.425–$0.625.  If the bears break down of this support, the XRP/USD pair can decline to $0.4255. The digital currency will pick up momentum above $0.625.  The traders should hold their long positions with the SL at $0.42.

  1. EOS/USD

the next level to watch on the downside is $5. Below $5, a retest of $4.49 is probable. The traders should hold their long positions with stops at $4.9.

  1. DASD/USD

DASH/USD will have a support of price to $159.416 and below that to $130.024. The Traders should hold for any major trades.

  1. BCH/USD

The BCH/USD pair if break above $600. The key levels to watch on the upside are $660.0753 and $880. The traders should hold their long position with the stops at $400.

 

Leave a Reply

Your email address will not be published. Required fields are marked *