Tuesday 7 May 2019

BITCOIN AND CRYPTO CURRENCY TECHNICAL LEVELS : 7th May 2019



New Delhi
Tuesday, May 7, 2019
TIME: 07:47 am IST                  
DAILY CRYPTO CURRENCY TECHNICAL LEVELS
Crypto Currencies daily technical

btc/usd
eth/usd
bch/usd
ltc/usd
btc/sgd
CMP
6115.40
189.16
292.70
76.64
7723.70
S5
5871.95
157.92
256.86
56.77
6700.30
S4
5925.30
163.62
264.36
61.54
6945.89
S3
5949.51
169.79
272.48
66.71
7211.95
S2
5979.47
172.59
276.16
69.05
7332.70
S1
6076.30
176.05
280.72
71.95
7482.10






R1
6130.50
187.25
295.46
81.33
7965.10
R2
6183.90
190.71
300.02
84.23
8114.50
R3
6233.10
193.52
303.71
86.58
8235.25
R4
6296.00
199.68
311.82
91.74
8501.31
R5
6486.00
205.38
319.32
96.51
8746.90

CMP= Current price market price
ABOVE TECHNICALS ARE ONLY FOR REFERENCE

100 week moving average around 6552 is the key long term resistance for btc/usd. A break of 6552 will pave the way for 9000-10000 zone.
200 week moving average around  201.00 is the key long term resistance for eth/usd.
100 week moving average around 90.00 is the key long term resistance for ltc/usd.
Key moving average resistances have to be breached to attract short covering and another wave of big rise. Big technical resistance days ahead for almost all crypto currencies.
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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