LBank Crypto Market Daily (Mar 25)
BTC
The intraday high of BTC was at 57,188 yesterday and the lowest was 53525. It suffered rejection at 57k and the short-term support level would be around 46k. The falling trend is most likely to continue. Traders are advised to wait as correction going on.
ETH
ETH had a daily high of 1,741.5 yesterday and the lowest was at 1,649.5. The new resistance level moved to 1,800 with a short-term support level at 1,300. Traders are advised to sell at rallies as the market keep falling.
BCH
The daily high of BCH was 529.4 and the lowest was 505.0. The resistance at 550 was strong and hard to be penetrated again. The short-term support level was at 430, relatively weak. Going short is still advised. And traders holding position can reduce position when price falls to around 450.
DOT
The daily high of DOT was 36.14 yesterday with the lowest being 33.41. The resistance level was at 33 and the short term support was at 27. With the previous support level failing hold again, the market started diving. Traders are advised to go short after rally occurs.
XRP
The daily high of XRP was 0.5710 yesterday with the lowest being 0.5357. The resistance level moved to 0.5500 and the short-term support level was at 0.4600. The price may slightly rebound at the support level, when traders still holding are suggested to sell stop.
UNI
The daily high of UNI was 36.79 yesterday with the lowest being 29.61. The short-term resistance level was at around 30 with a quite strong support at 23. Entering is not advised as the falling trend begins.
LINK
The intraday high of LINK was at 27.87 yesterday and the lowest was at 26.27. It suffered rejection at around 26.5 amid intense selling pressure, and retraced to 23 for short-term support. It will consolidate after pulling back as the support is quite strong. Traders are not advised to enter until consolidation.
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