New Delhi
Thursday, May 23, 2019
TIME: 8:53 am IST
DAILY CRYPTO CURRENCY TECHNICAL LEVELS
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Crypto Currencies daily technical levels
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|||||
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btc/usd
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eth/usd
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bch/usd
|
ltc/usd
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btc/sgd
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|
CMP
|
7652.90
|
243.40
|
390.38
|
87.54
|
10699.60
|
|
S5
|
7130.80
|
219.40
|
326.91
|
63.94
|
9750.60
|
|
S4
|
7256.10
|
225.16
|
342.14
|
69.60
|
9978.36
|
|
S3
|
7391.85
|
231.40
|
358.65
|
75.74
|
10225.10
|
|
S2
|
7453.46
|
234.23
|
366.13
|
78.52
|
10337.08
|
|
S1
|
7529.68
|
237.74
|
375.40
|
81.97
|
10475.64
|
|
|
|
|
|
|
|
|
R1
|
7776.12
|
249.06
|
405.36
|
93.11
|
10923.56
|
|
R2
|
7852.34
|
252.57
|
414.63
|
96.56
|
11062.12
|
|
R3
|
7913.95
|
255.40
|
422.12
|
99.34
|
11174.10
|
|
R4
|
8049.70
|
261.64
|
438.62
|
105.48
|
11420.84
|
|
R5
|
8175.00
|
267.40
|
453.85
|
111.14
|
11648.60
|
|
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CMP= Current price market price
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ABOVE TECHNICALS ARE ONLY FOR REFERENCE
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There has been a sharp correction
yesterday. One needs to wait and watch till tomorrow to see if the correction
turns into a bearish trend.
Japan Passes Crypto Regulations in the Upper House
Japan passed new crypto
regulation in the upper house of the National Diet. Local news agency Nikkei
reported on May 21 that amendments to two of the country’s financial laws,
namely the Financial Instruments and Exchange Act and Payment Services Act,
were made to add legislation for crypto margin trading. The regulation will
come into force within a few months to oversee crypto trading market better. Our View: Cryto currencies will zoom once trading starts under
a regulatory environment. Japan and Singapore will be Asian hub for crypto
trading.
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)
You can
also mail your queries at insigniacommodity@gmail.comChat Id: telegram/whatsapp 9311139549
(10:30 am to 5:30 pm Indian time, Monday to Friday)
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