Bitcoin and Crypto Currency Technical Levels: 15th May 2019

By: Admin
35061

Insignia Consultants

New Delhi

Wednesday, May 15, 2019

TIME: 8:50 am IST                  

DAILY CRYPTO CURRENCY TECHNICAL LEVELS

Crypto Currencies Daily Technical

 

btc/usd

eth/usd

bch/usd

ltc/usd

btc/usd

CMP

8063.30

228.10

389.72

92.98

11073.80

S5

7553.30

194.00

346.29

67.99

10288.60

S4

7675.70

202.18

356.71

73.99

10477.05

S3

7808.30

211.05

368.01

80.49

10681.20

S2

7868.48

215.07

373.13

83.43

10773.85

S1

7942.94

220.05

379.47

87.08

10888.49

 

 

 

 

 

 

R1

8183.66

236.15

399.97

98.88

11259.11

R2

8258.12

241.13

406.31

102.53

11373.75

R3

8318.30

245.15

411.44

105.48

11466.40

R4

8450.90

254.02

422.73

111.97

11670.55

R5

8573.30

262.20

433.15

117.97

11859.00

 

CMP= Current price market price

ABOVE TECHNICALS ARE ONLY FOR REFERENCE

 

Momentum is very bullish for all crypto currencies. Key long term technical resistances are approaching. Only a break of key resistances will trigger another wave of rise. However sell off or massive crash will be there if these key resistances are not breached.

BTC/USD: It is headed for 8500 and further at 9225 as long as it trades over 7600-7700 zone. Sell off will be there only below 7700.

ETH/USD: Key resistance is around 239. Only a break of 239 will trigger a rise to 302 and 356. Bearish trend will be there in case 239 is not breached by Sunday.

BCH/USD: It needs to trade over 404 to rise to 433 and 480. Watch 404. Bch/usd can move ten percent either side anytime.

LTC/USD: Key resistance is at 99. Only a break of 99 will trigger a rise to 127. A daily close over 99 today and till Friday can pave the way for 182 in the short term. Bearish trend will be there only below 83.00.

BTC/SGD: It can rise to 12960 and 13700 in the short term as long as it trades over 10062. Bearish trend will be there below 10062 only.

Before Investing or trading in crypto currencies: Crypto currencies are unregulated investment or unregulated trading instruments. Risks are the highest among all investment class.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals, crypto currencies and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. Prepared by Chintan Karnani

Further disclaimer (read very carefully)

Trading of Bitcoins is illegal in my country India. The above report is not meant for resident Indians and Indian corporates. It is meant for traders or corporates in nations where bitcoin and other crypto currencies have got legal validity. Insignia Consultants and it employees are not responsible for illegal trading of crpto currencies and/or nations where crypto currencies do not have legal validity. Insignia Consultants does not advise on any investment strategy which is illegal nor does not it recommend people to trade in anything which is illegal to a nation. The above views are just technical views.

NOTES TO THE ABOVE REPORT

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

ALL PRICES ARE IN US DOLLARS UNLESS OTHERWISE SPECIFIED

Indian Standard Time (IST): +5:30 GMT

Current Market Price (CMP)

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