Daily Crypto Price Analysis – Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash and EOS
Zebpay starts OmiseGO deposits today for trading to go live tomorrow at 1pm.
OMG is trading at $17.13 representing a gain of 11% in last 24-hours.
OMG has given an outrageous performance in previous two weeks starting from 10th April till present with a surge of over 80% in value.
At present levels, OMG should ideally face resistance between the range of $17.7- $18. The resistance in the region is due to multiple tops also colliding with 78.6% Fibonacci Retracement line of the fall from $20.84 – $7.43 against which a minor correction can be expected.
On the lower sides, it forms supports along the 75/100/200 day EMA all lying between the range of $13.7- $14.
Our view of correction will be invalidated if OMG breaks and closes above the resistant range depicted in charts above to rally upto new highs.
BTC has gained just over 5% post our bullish analysis yesterday and breaking of resistance of $9,100 was rightly predicted in the same.
BTC currently trading at $9,290 is trying hard to get over the intraday resistance range of $9,300 – $9,500 above which, it will fuel in speed to rally to next overhead resistance as depicted in charts above.
If BTC is unable to breach the intraday resistance, Bulls will still find supports on lower levels between $8,700 and $8,500.
We expect BTC to be bullish in medium & long term range with strong support which holds above the $8,000 mark for rally upto overhead resistance.
Our view in BCH still remains the same, but any close today above $1,550 might get BCH to gain momentum upto $1,780 & $2,100.
Detailed price report for Crypto-Currencies are as follows:
Traders can smartly use their skills and can refer to the technical levels above to make optimised trade decisions. Happy Trading!
This report is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate.
The Company has prepared this report based on information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. This report is preliminary and subject to change; the Company undertakes no obligation to update or revise the reports to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.
Trading & Investments in cryptocurrencies viz. Bitcoin, Bitcoin Cash, Ethereum etc.are very speculative and are subject to market risks. The analysis by Author is for informational purpose only and should not be treated as an investment advice. This report is for educational purpose only.