Monday, July 1, 2019
TIME: 10:09 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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11126.00
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299.87
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417.65
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125.00
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15283.50
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S5
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8464.00
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213.47
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288.12
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88.28
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12492.30
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S4
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9102.88
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234.21
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319.21
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97.09
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13162.19
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S3
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9795.00
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256.67
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352.89
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106.64
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13887.90
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S2
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10109.12
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266.87
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368.17
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110.97
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14217.26
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S1
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10497.77
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279.48
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387.08
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116.33
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14624.78
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R1
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11754.23
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320.26
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448.22
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133.67
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15942.22
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R2
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12142.88
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332.87
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467.13
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139.03
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16349.74
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R3
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12457.00
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343.07
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482.42
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143.36
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16679.10
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R4
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13149.12
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365.53
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516.09
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152.91
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17404.81
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R5
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13788.00
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386.27
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547.18
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161.72
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18074.70
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CMP= Current price market price
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ABOVE TECHNICALS ARE ONLY FOR REFERENCE
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Crypto currencies corrected
(last week) once the initial hype of facebook’s Libra got over. The overall
trend is bullish. One needs to be cautious with the pace of rise and not the
actual rise. Greater adoption of crypto currencies and/or entry of more retail
traders and institutional traders will reduce the pace of rise but increase
short term volatility.
BTC/USD: (a) It
needs to trade over $10560 this week to rise to $12450 and 13800. (b) Crash
will be there only below $10560. (c) Quick rise will be there over $11470.
ETH/USD: (a)
Corrections upto $250.90 are a part of the bullish trend. (b) Small sell off
will be there below $289. (c) Eth/usd needs to trade over $309.90 to be in
intraday bullish zone.
BCH/USD: (a) Key
long term support is at $390.10. (b) Immediate resistance is at $423.90. (c)
There will be another wave of rise if bch/usd manages to break and trade over
$423.90.
LTC/USD: (a) Key
support is at $109.20. Crash or sell off will be there only on a fall below
$109.20. (b) Immediate resistance is at $134.30. Quick rise will be there over
$134.30.
BTC/SGD: (a) There
will be a technical breakout if btc/sgd manages to break and trade over
$15613.60 today or tomorrow.
Insignia Consultants and its team have not invested OR traded
in crypto currencies as it is illegal to trade in India.
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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