LBank Crypto Market Daily (Mar 18)
BTC
The intraday high of BTC was at 57,160 yesterday and the lowest was at 54,129. It suffered rejection at 59k, and retraced to 54k~55k for short-term support. It is possible for BTC to bounce again and break the resistance level. But still, traders are advised to sell at rallies in case of pulling back.
ETH
ETH had a daily high of 1,813.4 yesterday and the lowest was at 1,741.3. The relative resistance level was still from 1,900 to 2,000 with a short-term support level at 1,700. The market still underperformed. Traders are advised to close position when there is rebound. Following the herd is not advised.
BCH
The daily high of BCH was 533.9 and the lowest was 511.5. 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.
XRP
The daily high of XRP was 0.4824 yesterday with the lowest being 0.4500. The resistance level was at 0.5300 with intense selling pressure and the short-term support level was at 0.4300. It is high possible to fall down. Investors are not advised to enter.
DOT
The daily high of DOT was 36.43 yesterday with the lowest being 34.24. The resistance and support level was 39 and 32 respectively. It is expected to bounce again if the bullish trend could last in the following two days. Traders who has not closed position yet can hohl for the moment. Do not enter!
UNI
The daily high of UNI was 31.45 yesterday with the lowest being 28.56. The short-term resistance level was at around 35 with a quite strong support at 27.50. It is expected to bounce again to a new high. Traders are advised to sell when it try to take down the hurdle.
LINK
The intraday high of LINK was at 30.42 yesterday and the lowest was at 27.10. It suffered rejection at around 32 amid intense selling pressure, and retraced to 26.50 for short-term support. Traders are advised to sell at rallies.
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