DAILY CRYPTO MARKET ANALYSIS
March 22/3/2022
ADA/USD
After undergoing consolidation price movement, Cardano was spotted printing some bullish candlestick patterns across the hourly and the daily price chart. In essence, if market price movement should continue this way ADA/USD will hit immediate resistance at $1.3.
BTC/USD
BTC/USD steadily approach $48K resistance. Although if the price of BTC should hit 48K there's a tendency for the market to retest $42K support. Because support and resistance levels can never be ignored in the market.
ETH/USD
ETH/USD maintain a positive movement to the upside after a break in price above $3234 resistance was recorded across all time frame. Furthermore, the price of ethereum could touch $3760 soonn, if at all the demand for the asset outweigh its supply.
LINK/USD
Yesterday we expect LINK/USD to trade below $15. Luckily the market give up its bearish momentum to the bulls. Hence, the market price action went upward as the value of the digital asset aim to hit near-term resistance at $19.21.
LTC/USD
We expect LTC/USD to hit immediate resistance at $135 but the market declined to the south as the volume of the buyers tends to weaken. However, a surge in the volume of the buyers could enable the LTC/USD asset resume bullish price action to the north.
SHIB/USD
From the hourly chart, the price action of SHIB/USD pose a neutral market sentiment. However, if the market demand for SHIB INU should outweigh its supply hence the value of the meme coin will hit new price target at $0.00002653.
XLM/USD
Across the hourly chart, XLM/USD trade with bullish price action as the value of the asset aim to hit immediate resistance at 0.2 cents. Perhaps if the market should maintain this positive price action beyond the current region the value of stellar would resume bullish trend to the north.
#The_Excel_Entrepreneur #Tobforex #Cryptocurrency #BITCOIN #Cardano #litecoin
March 22/3/2022
ADA/USD
After undergoing consolidation price movement, Cardano was spotted printing some bullish candlestick patterns across the hourly and the daily price chart. In essence, if market price movement should continue this way ADA/USD will hit immediate resistance at $1.3.
BTC/USD
BTC/USD steadily approach $48K resistance. Although if the price of BTC should hit 48K there's a tendency for the market to retest $42K support. Because support and resistance levels can never be ignored in the market.
ETH/USD
ETH/USD maintain a positive movement to the upside after a break in price above $3234 resistance was recorded across all time frame. Furthermore, the price of ethereum could touch $3760 soonn, if at all the demand for the asset outweigh its supply.
LINK/USD
Yesterday we expect LINK/USD to trade below $15. Luckily the market give up its bearish momentum to the bulls. Hence, the market price action went upward as the value of the digital asset aim to hit near-term resistance at $19.21.
LTC/USD
We expect LTC/USD to hit immediate resistance at $135 but the market declined to the south as the volume of the buyers tends to weaken. However, a surge in the volume of the buyers could enable the LTC/USD asset resume bullish price action to the north.
SHIB/USD
From the hourly chart, the price action of SHIB/USD pose a neutral market sentiment. However, if the market demand for SHIB INU should outweigh its supply hence the value of the meme coin will hit new price target at $0.00002653.
XLM/USD
Across the hourly chart, XLM/USD trade with bullish price action as the value of the asset aim to hit immediate resistance at 0.2 cents. Perhaps if the market should maintain this positive price action beyond the current region the value of stellar would resume bullish trend to the north.
#The_Excel_Entrepreneur #Tobforex #Cryptocurrency #BITCOIN #Cardano #litecoin
