CRYPTO TECHNICAL ANALYSIS

Daily Crypto technical analysis from our analysts.

BTCUSD on Monday ↗️ rose 3.83% to 40,516.29. Price is below 100-EMA.

Updated daily outlook for BTCUSD is mixed as the price remain below the 100-EMA though price is slightly bullish.

Looking ahead today, immediate upside resistance level at 41,064.05. On the downside, we are looking at daily low of 38,730.00 as an important support for the current bullish momentum. Bear in mind that the pair is trading below the 100-EMA and should the price break below the daily low, we could see a further selling pressure. As the Stochastic Oscillator is currently in the overbought zone, traders may want to be more cautious when buying.

For the week, BTCUSD is looking bullish as the pair continued to rise on the higher timeframe.

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ETHUSD on Monday ↗️ rose 2.85% to 2,580.77. Price is above 100-EMA.

Updated daily outlook for ETHUSD is bullish as the pair ended higher after Monday trading session.

Looking ahead today, immediate upside resistance level at 2,609.17. On the downside, we are looking at daily low of 2,461.00 as an important support for the current bullish momentum. Break below this level could cast uncertainty to the price direction. Stochastic Oscillator is in the neutral zone which the current momentum may continue to follow.

For the week, ETHUSD is looking mixed as price remain in consolidation above 2,461.00.

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LTCUSD on Monday ↗️ rose 5.29% to 179.89. Price is below 100-EMA.

Updated daily outlook for LTCUSD is mixed as the price remain below the 100-EMA though price is slightly bullish.

Looking ahead today, immediate upside resistance level at 179.99. On the downside, we are looking at daily low of 166.34 as an important support for the current bullish momentum. Bear in mind that the pair is trading below the 100-EMA and should the price break below the daily low, we could see a further selling pressure. Stochastic Oscillator is in the neutral zone which the current momentum may continue to follow.

For the week, LTCUSD is looking mixed as price remain in consolidation above 166.34.

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