- March 21, 2020
- Posted by: icoblock
- Category: Uncategorized
Bitcoin witnessed a 22% price increase over the past seven days as it bounced from the $5,000 level and climbed back above $6,000 to reach the current price of $6,500. It had found strong support at $4,800 during the March market crash and traded sideways between here and $6,000 for the past week until breaking above in yesterday’s session.
From above, the first level of resistance lies at $6,800. Above this, resistance lies at $7,000, $7,200 (bearish .5 Fib Retracement), and $7,500. Added resistance lies at $7,700 and $8,000 (bearish .618 Fib Retracement).
Toward the downside, support lies at $6,400, $6,000, and $5,800. Additional support lies at $5,400, $5,000, and $4,800.
Ethereum saw a 13% price increase over the past 7-days of trading as it managed to rebound from the $110 support. It had found resistance at $135 for the past week but climbed above this resistance today to reach as high as $150. It currently trades at $140.
Toward the upside, resistance is expected at $150, $165 (bearish .382 Fib Retracement), and $180. Beyond this, strong resistance lies at $187, which is provided by the bearish .5 Fib Retracement and the 100-days and 200-days EMA levels.
From below, support is located at $135, $120, and $110. Added support is found at $100, $95, and $88.
Against Bitcoin, ETh has been struggling as it failed to break the 0.024 BTC resistance this week. It went on to drop beneath 0.023 BTC and 0.022 BTC until support was found at 0.0215 BTC (.618 Fib Retracement). It is currently halted by resistance at 0.0221 BTC.
From above, the first level of resistance lies at 0.023 BTC. Above this, resistance lies at 0.0239 BTC and 0.025 BTC.
Toward the downside, the first level of support lies at 0.0215 BTC. Beneath this, support lies at 0.021 BTC, 0.0204 BTC, 0.02 BTC, and 0.0196 BTC (.786 Fib Retracement).
XRP saw a 10% price increase over the past 7-days of trading as it rebounded from support at $0.136. It was struggling with resistance at $0.161 this week but managed to break above it yesterday. Today, XRP climbed as high as $0.191 before falling back to the current price of $0.169.
If the buyers break $0.17, resistance lies at $0.182 and $0.191. Following this, resistance lies at $0.20 and $0.217.
From below, support lies at $0.161, $0.155, and $0.136. Additional support is located at $0.13 and $0.12.
XRP has struggled against Bitcoin this week after reversing from resistance at 2850 SAT. It went on to drop much lower until finding the support at 2525 SAT today.
If the sellers push beneath 2525 SAT, support can be found at 2500 SAT, 2455 SAT, and 2410 SAT (downside 1.414 Fib Extension). Following this added support lies at 2350 SAT.
Toward the upside, the first level of resistance is at 2600 SAT. Above this, resistance lies at 2710 SAT, 2750 SAT, and 2800 SAT (100-days EMA).
Bitcoin Cash is the strongest performer amongst these coins, as it increased by 36% over the past week. The cryptocurrency rebounded from support at $144 and continued to climb above $200 to reach the current price of $230.
From above, resistance lies at $250 and $275 (bearish .382 Fib Retracement). Additional resistance is found at $290 and $300 (100-days and 200-days EMA’s).
Toward the downside, support is found at $225, $210, and $195.
Against Bitcoin, BCH fell into support at 0.03 BTC (.886 Fib Retracement) during the March market wipeout. It has since climbed higher to reach the resistance at 0.0358 BTC, which is provided by a bearish .382 Fib Retracement and the 100-days EMA. It now trades at 0.035 BTC.
From above, the first level of resistance is located at 0.0358 BTC. Above this, resistance lies at 0.038 BTC (bearish .5 Fib Retracement) and 0.0405 BTC (bearish .618 Fib Retracement).
If the sellers push lower, support is expected at 0.034 BTC, 0.0333 BTC, 0.032 BTC, and 0.030 BTC.
Chainlink witnessed a small 6% price increase from 7-days ago but has surged by 15% in today’s trading session. It met resistance at $2.75 provided by a bearish .382 Fib Retracement before reversing and dropping back beneath $2.50.
From above, resistance lies at $2.50, $2.60 and $2.75. Following this, additional resistance lies at $3.00 (100-days EMA) and $3.20 (bearish .5 Fib Retracement).
Toward the downside, support lies at $2.20, $2.00, and $1.72.
Against Bitcoin, Chainlink dropped as low as 0.000346 BTC before being able to reverse. However, it is still struggling at 0.000366 BTC, which is resistance provided by the 100-days EMA.
If the sellers push lower, the first level of support lies at 0.000346 BTC (downside 1.272 Fib Extension). This is followed by support at 0.000332 BTC and 0.00032 BTC (200-days EMA).
On the other hand, resistance is located at 0.00038 BTC, 0.0004 BTC, and 0.000441 BTC.
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