Acuity Signal Centre: Crypto 4 Apr 2022

LTCUSD

Bias: Bullish

We look to Buy at 121.65 with target prices of 127.86 and 132.91, and a stop price of 119.39

Confidence: 80%

Technical Analysis

• We look to buy dips
• Previous support located at 121.50
• The bias is still for higher levels and we look for any dips to be limited
• 20 1day EMA is at 119.90
• There is scope for mild selling at the open but losses should be limited

RIPPLE

Bias: Bearish

We look to Sell at 0.869 with target prices of 0.821 and 0.801, and a stop price of 0.888

Confidence: 20%

Technical Analysis

• Short term bias has turned negative
• The trend of higher intraday lows has also been broken
• We look for a temporary move higher
• Preferred trade is to sell into rallies
• 0.874 has been pivotal

ETHEREUM

Bias: Bearish

We look to Sell a break of 3447 with target prices of 3251 and 3201, and a stop price of 3523

Confidence: 20%

Technical Analysis

• We are trading at overbought extremes
• A higher correction is expected
• Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower
• Trend line support is located at 3460
• A break of the recent low at 3450 should result in a further move lower

BITCOIN

Bias: Bullish

We look to Buy at 44616 with target prices of 47498 and 48398, and a stop price of 43488

Confidence: 100%

Technical Analysis

• Daily signals are bullish
• Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end
• The previous swing low is located at 44244
• 20 1day EMA is at 44500
• We look to buy dips

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