23rd July Cryptocurrency Technical Insights…

  1. BTC/USD

(BTC/USD) is showing strong bullish momentum, which indicates that the bulls are fully in control at the moment.

It has climbed above $7,600 during early Asian hours and touched $7,664 before settling down at $7,620. The general trend is positive as the coin is well supported by $7,300.

From the short-term perspective, BTC/USD broke free from the range limited by $7,300 on the downside and $7,580 on the upside. If the break-out proves to be sustainable, Bitcoin bulls will have a chance to extend the upside to $7,800 and, potentially, $8,000, provided that the fundamental background remains fairly positive. Local support is seen at $7,580, followed by $7,500.

  1. ETH/USD

Ethereum has recovered from the low of $439 approx., reached early on Monday, but it is still well below recent high. The support is at $ 440, $ 421 and the resistance is $ 473 psychological$ 500, and $ 516.

  1. XRP/USD

XRP/USD is trading at $0.4594 to press time, unchanged on a daily basis. Ripple’s coin has recovered from Friday’s low at $0.4490, but the upside momentum is weak.

Short term bullish $0.4604 and $0.4668. Can Sell from these levels. Support are at $0.4540 and $0.4500. Upside at 0.4800 $.

  1. EOS/USD

Resistance seen just at $8.40-8.45 area. Support tracking at $8.12 and then $7.82.

  1. LTC/USD

Litecoin, which has gone down to become seventh largest cryptocurrency after Stellar Lumens overtook it, is in the process of bottoming out, though resumption of a bull market is still far away.

Still in the bearish state and will take a long time of bullish cycle if it breaks $ 107. Lower support is targeted at $ 95.

  1. DASD/USD

A close below $241 would be the first sign of Dash’s downtrend remaining intact and any rallies would be not for long term.

  1. NEO/USD

Immediate support is now placed at $30, break of which will put recent low of $27 at risk of breach, which is quite likely given the lack of momentum for this crypto.

  1. BCH/USD

Support are at $ 784, $ 775, $ 764 and resistance are at $ 801 , $ 802 and $ 811.

NOTE: THE ABOVE ANALYSIS ARE GIVEN FOR REFERENCE PORPOSE ONLY AFTER MY RESEARCH AND STUDING ANOTHER ANALYSIST.

 

Leave a Reply

Your email address will not be published.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