Acuity Signal Centre: Crypto 17 Mar 2022

LTCUSD

Bias: Bullish

We look to Buy at 104.12 with target prices of 111.00 and 113.40, and a stop price of 102.15

Confidence: 20%

Technical Analysis

• Trend line support is located at 105.00
• We look for a temporary move lower
• Although selling has been posted overnight, the selloff has been limited
• The trend of higher lows is located at 102.70
• Preferred trade is to buy on dips

RIPPLE

Bias: Bullish

We look to Buy at 0.754 with target prices of 0.797 and 0.817, and a stop price of 0.739

Confidence: 60%

Technical Analysis

• Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end
• However, with the intraday chart now highlighting higher lows we are possibly forming an ascending triangle pattern
• The trend of higher lows is located at 0.753
• We look to buy dips
• We look for a temporary move lower

ETHEREUM

Bias: Bearish

We look to Sell at 2838 with target prices of 2686 and 2616, and a stop price of 2901

Confidence: 40%

Technical Analysis

• Daily signals are bearish
• 50 1day EMA is at 2820
• Prices expected to stall near trend line resistance
• Reverse trend line resistance can be seen at 2840
• Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end

BITCOIN

Bias: Bullish

We look to Buy at 39448 with target prices of 41287 and 42187, and a stop price of 38687

Confidence: 40%

Technical Analysis

• Short term bias has turned positive
• Previous resistance, now becomes support at 39500
• The 50% Fibonacci retracement is located at 39400 from 45850 to 32950
• We look to buy dips

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