Acuity Signal Centre: Crypto 22 Mar 2022

LTCUSD

Bias: Bullish

We look to Buy at 113.92 with target prices of 121.78 and 124.15, and a stop price of 111.57

Confidence: 60%

Technical Analysis

• Preferred trade is to buy on dips
• Previous resistance, now becomes support at 114.00
• 20 4hour EMA is at 114.00

RIPPLE

Bias: Bullish

We look to Buy at 0.807 with target prices of 0.854 and 0.874, and a stop price of 0.789

Confidence: 60%

Technical Analysis

• Daily signals are mildly bullish
• Short term bias is bullish
• 50 4hour EMA is at 0.803
• We look to buy dips

ETHEREUM

Bias: Bullish

We look to Buy a break of 3053 with target prices of 3259 and 3339, and a stop price of 2978

Confidence: 60%

Technical Analysis

• Daily signals are mildly bullish
• A break of yesterdays high would confirm bullish momentum
• 3045 has been pivotal
• The previous swing high is located at 3045
• There is no clear indication that the upward move is coming to an end

BITCOIN

Bias: Bearish

We look to Sell at 44587 with target prices of 42004 and 41104, and a stop price of 45606

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
• 45332 has been pivotal
• We look for a temporary move higher
• Preferred trade is to sell into rallies
• Bespoke resistance is located at 44500
• Expect trading to remain mixed and volatile

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