LBank Crypto Market Daily (Mar 17)
The intraday high of BTC was at 56,932 yesterday and the lowest was at 53,266. It suffered rejection at around 59k, and retraced to 54k~55k for support. It seems quite hard for BTC to regain the ground above $60,000, and investors brace for a rollercoaster as correction continues. Traders are advised to sell at rallies.
ETH had a daily high of 1,818.4 yesterday and the lowest was at 1,712.0. The relative resistance level was still from 1,900 to 2,000 with a short-term support level at 1,700. It is still underperformed the general market. Buying high is not advised.
The daily high of BCH was 538.0 and the lowest was 502.1. The resistance level was at 620 with intense selling pressure and 520 became the support level. The market is still a bumpy ride. Traders are advised to wait and sell at rallies.
The daily high of XRP was 0.5208 yesterday with the lowest being 0.4272. The resistance level was at 0.5300 with intense selling pressure and the short-term support level was at 0.4300. The rising trend may not last long. Following the herd is not advised.
The daily high of DOT was 35.32 yesterday with the lowest being 32.04. The resistance and support level was 39 and 32 respectively. It is expected to break a new all time high.However, traders are not advised to enter until there is a clear sign.
The daily high of UNI was 30.38 yesterday with the lowest being 28.00. The short-term resistance level was at around 35 with a quite strong support at 27.50. It is pulling up in line with the general market. Traders are advised to sell at rallies.
The intraday high of LINK was at 28.18 yesterday and the lowest was at 26.39. It suffered rejection at around 32 amid intense selling pressure, and retraced to 26.50 for short-term support. It’s hard for LINK to break 30. Traders are advised to sell at rallies.