LBank Crypto Market Daily (Mar 22)
The intraday high of BTC was at 59,470 yesterday and the lowest was at 55,402. It suffered rejection at 60k, and retraced to 54k~55k for short-term support. The market will still be in correction, and entering is not advised. Hodlers are advised to reduce position at rallies.
ETH had a daily high of 1,860.5 yesterday and the lowest was at 1,746.0. The relative resistance level was still from 1,900 to 2,000 with a short-term support level at 1,700. There is a relatively low possibility for ETH to hit a new high. It’s better to wait and see.
The daily high of BCH was 550.1 and the lowest was 514.7. The resistance level was at 620 with intense selling pressure and the short-term support level was at 520. It’s highly possible to keep falling down. Traders are advised to close position.
The daily high of XRP was 0.5500 yesterday with the lowest being 0.4928. The resistance level was at 0.5300 with intense selling pressure and the short-term support level was at 0.4300. It may expect a continuous bearish market despite the temporary rise in the weekends. Still, entering is not advised.
The daily high of DOT was 40.03 yesterday with the lowest being 36.10. The resistance and support level was 39 and 32 respectively. It’s likely to keep the falling trend if fails to taking down the hurdle again. Traders are still advised to close position.
The daily high of UNI was 33.34 yesterday with the lowest being 31.50. The short-term resistance level was at around 35 with a quite strong support at 27.50. It’s hard to hit a new high. Closing position is recommended.
The intraday high of LINK was at 31.09 yesterday and the lowest was at 28.58. It suffered rejection at around 32 amid intense selling pressure, and retraced to 26.50 for short-term support. It is not advised to enter until the price breach the high of the current box.