Wednesday, May 15, 2019
TIME: 8:50 am IST
DAILY CRYPTO CURRENCY TECHNICAL LEVELS
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Crypto Currencies Daily Technical
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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/usd
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CMP
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8063.30
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228.10
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389.72
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92.98
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11073.80
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S5
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7553.30
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194.00
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346.29
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67.99
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10288.60
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S4
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7675.70
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202.18
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356.71
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73.99
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10477.05
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S3
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7808.30
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211.05
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368.01
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80.49
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10681.20
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S2
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7868.48
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215.07
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373.13
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83.43
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10773.85
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S1
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7942.94
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220.05
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379.47
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87.08
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10888.49
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R1
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8183.66
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236.15
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399.97
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98.88
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11259.11
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R2
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8258.12
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241.13
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406.31
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102.53
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11373.75
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R3
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8318.30
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245.15
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411.44
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105.48
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11466.40
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R4
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8450.90
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254.02
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422.73
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111.97
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11670.55
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R5
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8573.30
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262.20
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433.15
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117.97
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11859.00
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CMP= Current price market price
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ABOVE TECHNICALS ARE ONLY FOR REFERENCE
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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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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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