2022 resistance zone. The crypto market could bounce back since bitcoin bTC ) and, ethereum (ETH) are holding key supports. Traders can retain the stop loss on the remaining long positions at just below 20-day EMA. However, the upside move was capped by the 134-135 resistance area.
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Above this a rally to 400 and higher is probable. Since the price is placed nicely above the 130 support and the 55 SMA, there are high chances of an upside break above the 135 resistance. However, it has been gradually moving up for the past four days even though the RSI is deeply overbought. Key Support Levels 130 and 128. If not, there could be an extended decline below the recent lows in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, BNB, TRX and other altcoins in the coming sessions. There is a crucial bearish trend line in place with resistance at 135 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). We will trail the stops in a couple of days. It may continue to climb towards the.0520 resistance level in the upcoming hours. ADA/USD Cardano ( ADA ) is struggling to break out.094256.