DAILY CRYPTO MARKET ANALYSIS

17 мар. 2022 г.

DAILY CRYPTO MARKET ANALYSIS

March 17/2022


ADA/USD

From the hourly chart Cardano resume bullish rally to the north after the price of the asset breakout of $0.81 resistance.


BTC/USD

From the hourly chart, BTC aim to hit immediate resistance at $42763 as the price of the asset bounce above 37k support. However, diving further into the higher time frame the value of BTC remain neutral.

ETH/USD

Ethereum surged to the north as the price of the asset broke out from the sideways price action. At the moment, the value of Ethereum aim to hit immediate resistance at $2981.


LINK/USD

Link resume bullish price action to the north as the market escape the horizontal sideways chart pattern. However from the hourly chart the value of the asset aim to hit immediate resistance at $15.50


LTC/USD

As a result of the lack of bullish momentum in the market Litecoin trade sideways above resistance.


SHIB/USD

Shiba trade sideways below $0.00002290 support as the market failed to extend the bearish trend further. However, Across all time frames, the price action of SHIB INU remain neutral.


XLM/USD


We are yet to expect a bullish break out from the XLM/USD hourly chart. From a technical analysis viewpoint, the price movement of stellar is set to resume a bullish trend direction to the north, if at all the volume of the buyers should outweigh that of the sellers.






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