LBank Crypto Market Daily (Mar 11)

BTC

The intraday high of BTC was at 56,466 yesterday and the lowest is at 53,022. It suffered rejection at around 58k in the short term, and retraced to 53k for support. For now, the market is still expected to be bullish, and traders who make short covering yesterday are advised to hold and sell when the price hits a new high.

ETH

ETH had a daily high of 1,877.3 yesterday and the lowest was at 1,758.0. The relative resistance level was from 1,900 to 2,000 with a quite strong support level at 1,650. Due to the need of turnovers, it is possible that the price will pull back slightly today. Traders are advised to make short covering when the price falls back to the support level.

BCH

The daily of BCH was 559.7 and lowest was 517.0. The resistance and support level was 550 and 520 respectively. Chances are that the price will pull up again as the general market is still bullish. Traders who opened position at yesterday’s support level are advised to hold.

XRP

The daily high of XRP was 0.4885 yesterday with the lowest being 0.4541. The resistance level was at 0.5000 with many were tied up, and the short-term support level was at 0.3900. American regulations will stop some Americans from entering and most retail investors will sell. It is not advised to enter but selling at rallies is recommended.

DOT

The daily high of DOT was 36.67 yesterday with the lowest being 33.85. The resistance level was at 42 in the short term. It is expected a new all time high, while after which traders are recommended to sell rather than enter.

UNI

The daily high of UNI was 33.53 yesterday with the lowest being 30.96. The resistance and support level was at around 35 and 29 respectively. It is expected to rise again after the pulling back. Traders are advised to seize the opportunity and sell limit.

LINK

The intraday high of LINK was at 31.78 yesterday and the lowest is at 29.47. It suffered rejection at around 32 amid intense selling pressure, and retraced to 29 where support was strong. The short-term trend may fall down. Investors are advised to reduce position if support at 29 fails to hold.

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