Insignia Consultants
New Delhi
Tuesday, September 3, 2019
TIME: 9:49 am IST
DAILY CRYPTO CURRENCY REPORT
All kinds of positive news
has been there in the crypto currency space in the past one week. A number of
well known also want to launch their own crypto currency and list the same in
Singapore. The oil rich Arab sheikhs are investing heavily in crypto currency
startups. It is just a matter of week if not days, when crypto currencies start
rising. Price moves suggest that bitcoin is the only crypto currency. Retail
investors prefer bitcoin for trade and investment.
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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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10411.00
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179.01
|
96.23
|
66.86
|
14855.40
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S5
|
9472.00
|
149.06
|
51.89
|
49.94
|
13203.70
|
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S4
|
9697.36
|
156.25
|
62.53
|
54.00
|
13600.11
|
|
S3
|
9941.50
|
164.04
|
74.06
|
58.40
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14029.55
|
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S2
|
10052.30
|
167.57
|
79.29
|
60.40
|
14224.45
|
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S1
|
10189.40
|
171.94
|
85.77
|
62.87
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14465.60
|
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R1
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10632.60
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186.08
|
106.69
|
70.85
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15245.20
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R2
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10769.70
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190.45
|
113.17
|
73.32
|
15486.35
|
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R3
|
10880.50
|
193.99
|
118.40
|
75.32
|
15681.25
|
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R4
|
11124.64
|
201.77
|
129.93
|
79.72
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16110.69
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R5
|
11350.00
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208.96
|
140.57
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83.78
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16507.10
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CMP= Current price market price
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ABOVE TECHNICALS ARE ONLY FOR REFERENCE
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1. BTC/USD: 50 day moving average around $10403 is the key
price to watch.
2. ETH/USD: It needs to trade over $184.60 to be in
bullish zone.
3. BCH/USD: 200 day moving average around $300.90 is the
key long term resistance.
4. LTC/USD: 100% retracement at $59.90 is the key long
term support.
5. BTC/SGD: 100 day MA around $14016.40 is the key long
term support. Trend is bullish as long as $14016.40 holds on daily closing
basis.
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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