Insignia Consultants
New Delhi
Friday, May 31, 2019
TIME: 10:14 am IST
DAILY CRYPTO CURRENCY TECHNICAL LEVELS
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Crypto Currencies daily technical levels
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btc/usd
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eth/usd
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bch/usd
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ltc/usd
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btc/sgd
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CMP
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8202.90
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248.60
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419.10
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106.00
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11325.00
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S5
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7122.60
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200.44
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343.10
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82.80
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9925.50
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S4
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7381.87
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212.00
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361.34
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88.37
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10261.38
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S3
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7662.75
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224.52
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381.10
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94.40
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10625.25
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S2
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7790.23
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230.20
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390.07
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97.14
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10790.39
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S1
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7947.95
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237.23
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401.16
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100.52
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10994.72
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R1
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8457.85
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259.97
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437.04
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111.48
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11655.28
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R2
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8615.57
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267.00
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448.13
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114.86
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11859.61
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R3
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8743.05
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272.68
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457.10
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117.60
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12024.75
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R4
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9023.93
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285.20
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476.86
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123.63
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12388.62
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R5
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9283.20
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296.76
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495.10
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129.20
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12724.50
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CMP= Current price market price
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ABOVE TECHNICALS ARE ONLY FOR REFERENCE
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I was wrong yesterday on
being bullish. It was a boom-bust type moves. The fall is continuing. There can
be another flash crash if falls continues. Retail traders will stay away. Only
funds and hardcore crypto traders will trade. I am not commenting on reasons
for the fall as I will prefer to watch trend and other data till tomorrow.
BTC/USD: Key
support is at 7880. Another wave of sell off will be there below 7880.
ETH/USD: It has a
massive technical congestion between 216-230 zone. Big sell off will be there
only below 216.
BCH/USD: Key support
is at 380. Crash will be there below 380.
LTC/USD: Key long
term support is at 83.00.
BTC/SGD: Immediate
support is at 10950 with 10350 as key long term support.
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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