Acuity Signal Centre: Crypto 31 Mar 2022

LTCUSD

Bias: Bearish

We look to Sell a break of 127.84 with target prices of 123.49 and 121.42, and a stop price of 129.56

Confidence: 40%

Technical Analysis

• We look to buy dips
• Pgh the bulls are in control, the stalling positive momentum indicates a turnaround is possible
• The failure to sustain the break higher and subsequent dip, formed a bearish candle and is negative for short term sentiment
• Short term oscillators are moving lower
• We look for losses to be extended today

RIPPLE

Bias: Bullish

We look to Buy at 0.858 with target prices of 0.902 and 0.922, and a stop price of 0.841

Confidence: 80%

Technical Analysis

• Daily signals are mildly bullish
• Dips continue to attract buyers
• We look to buy dips
• Trend line support is located at 0.858

ETHEREUM

Bias: Bearish

We look to Sell a break of 3329 with target prices of 3124 and 3054, and a stop price of 3401

Confidence: 20%

Technical Analysis

• We are trading at overbought extremes
• A higher correction is expected
• A break of the recent low at 3335 should result in a further move lower
• Risk/Reward would be poor to call a buy from current levels
• 20 1day EMA is at 3080

BITCOIN

Bias: Bullish

We look to Buy at 45707 with target prices of 47659 and 48559, and a stop price of 44956

Confidence: 100%

Technical Analysis

• Daily signals are bullish
• We are trading at overbought extremes
• A lower correction is expected
• We look to buy dips
• 50 4hour EMA is at 45700

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