Acuity Signal Centre: Crypto 12 Apr 2022

LTCUSD

Bias: Bearish

We look to Sell at 109.98 with target prices of 103.74 and 101.01, and a stop price of 112.70

Confidence: 60%

Technical Analysis

• We look to sell rallies
• Previous support, now becomes resistance at 110.00
• 20 4hour EMA is at 109.16
• The bias is still for lower levels and we look for any gains to be limited

RIPPLE

Bias: Bearish

We look to Sell at 0.729 with target prices of 0.688 and 0.678, and a stop price of 0.745

Confidence: 60%

Technical Analysis

• Daily signals are bearish
• Short term momentum is bearish
• Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end
• 20 4hour EMA is at 0.732

ETHEREUM

Bias: Bullish

We look to Buy a break of 3072 with target prices of 3258 and 3298, and a stop price of 2998

Confidence: 40%

Technical Analysis

• Bullish divergence is expected to support prices
• A break of 3070 is needed to confirm follow through bullish momentum
• Further upside is expected and we look to set longs in early trade
• A lower correction is expected

BITCOIN

Bias: Bullish

We look to Buy at 39505 with target prices of 41148 and 42048, and a stop price of 38888

Confidence: 40%

Technical Analysis

• Trend line support is located at 41148
• The spike lower found buying interest and prices moved quickly higher
• We are trading at oversold extremes
• Prices expected to stall near trend line support
• Early pessimism is likely to lead to losses although extended attempts lower are expected to fail

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