Bitcoin and Crypto Currency Report: 28th July 2021

By: Admin
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Insignia Consultants

                                                                                   New Delhi

Wednesday, July 28, 2021 TIME 11:39 AM IST                       

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Bitcoin and Crypto Currencies Daily Technical Report

BITCOIN - BTC/USD – current price $40030.50

  • Support/Resistance: $34811.30, $37454.80 & 42470.60
  • View: Btc/usd needs to trade over one hundred day moving average of $40449.90 to rise to $44631.30 and $47403.10.
  • Bearish trend will be there only if btc/usd trades below $38849.90

ETHEREUM – EHT/USD – current price $2294.47

  • Support/resistance: $1974.70, $2136.10 & $2459.90
  • View: Eth/usd needs to trade over $2146.60 (fifty day moving average) to rise to $2534.30 and $2737.90.
  • Bearish trend will be there only if eth/usd trades below $2043.30.

BITCOIN CASH (BCH/USD)  - current price $499.80

  • Support/resistance: 467.70 & 532.50
  • View: Bch/usd needs to trade over $460.60 till Friday to rise to $532.50 and $560.90. It will rise very quickly if it manages to trade over fifty day moving average of $503.60.
  • Bearish trend will be there only if bch/usd trades below $460.60.

LITECOIN (LTC/USD) – current price $135.02

  • Support/resistance: $109.53, $123.60 & $147.80
  • View: Ltc/usd needs to trade over $123.60 to rise to $147.80 and $166.10. Ltc/usd will rise very quickly if it manages to break and trade over fifty day moving average of $138.60.
  • Bearish trend will be there only if bch/usd trades below $123.70.

BITCOIN-SINGAPORE US DOLLAR (BTC/SGD) – current price $54552.90

  • Support/resistance: $51716.10, $53180.60 & 55800, $57264.95
  • View: Btc/Sgd needs to trade over $54396.90 (one hundred day moving average) to rise to $59926.90 (two hundred day moving average) and more.
  • Bearish trend will be there only if bch/usd trades below $51716.10.

 

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals 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. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Prepared by Chintan Karnani Website www.insigniaconsultants.in

Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

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NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

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THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

ALL PRICES/QUOTES IN THIS REPORT ARE IN US DOLLAR UNLESS OTHERWISE SPECIFED.

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