Daily Crypto Market Analysis
Daily Crypto Market Analysis
March 09/2022
ADA/USD
Cardano finally break above $0.84 resistance however the market was observed to have lost bullish momentum which makes it difficult for the ADA/USD asset pair to extend bullish rally further.
BTC/USD
From the hourly chart After printing a series of bullish candlestick patterns in the previous trading session, the entire market price action of BTC seems to fall to the south. However when going further into the daily and weekly chart the all-round price action confirmation for BTC/USD exist to be bullish.
ETH/USD
From the 1-hour chart Ethereum trade above both the 50 and 200 MAs as a result of bouncing above $2617 resistance in the previous trading session, however, near term resistance can be met at $2872 if at all the bullish price action should extend further.
LINK/USD
Using 50 MA and 200 MA as support and resistance; from the hourly chart the value of LINK/USD trade in between the two averages. As 50 MA tends to act as the resistance while the 200 MA tends to act as the support yet a surge in price above the 50 MA could help to trigger the value of LINK to the north.
LTC/USD
Across the lower time frame Litecoin trade far above the 200 MA and a little above the 50 MA when viewing the 1-hour, chart. However moving down to the higher time frame for LTC/USD price chart the market seems to pose a neutral market condition as the value of the asset was observed to be trading below 50 MA and 200 MA.
SHIB/USD
From the hourly chart SHIBUSD trade with a bearish bias as the value of the asset aim to retest $0.00002337 immediate support.
XLM/USD
The ATR value of XLM/USD remain calm as the market began to lose momentum. However a surge in volatility could change the overall price action of the asset.
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March 09/2022
ADA/USD
Cardano finally break above $0.84 resistance however the market was observed to have lost bullish momentum which makes it difficult for the ADA/USD asset pair to extend bullish rally further.
BTC/USD
From the hourly chart After printing a series of bullish candlestick patterns in the previous trading session, the entire market price action of BTC seems to fall to the south. However when going further into the daily and weekly chart the all-round price action confirmation for BTC/USD exist to be bullish.
ETH/USD
From the 1-hour chart Ethereum trade above both the 50 and 200 MAs as a result of bouncing above $2617 resistance in the previous trading session, however, near term resistance can be met at $2872 if at all the bullish price action should extend further.
LINK/USD
Using 50 MA and 200 MA as support and resistance; from the hourly chart the value of LINK/USD trade in between the two averages. As 50 MA tends to act as the resistance while the 200 MA tends to act as the support yet a surge in price above the 50 MA could help to trigger the value of LINK to the north.
LTC/USD
Across the lower time frame Litecoin trade far above the 200 MA and a little above the 50 MA when viewing the 1-hour, chart. However moving down to the higher time frame for LTC/USD price chart the market seems to pose a neutral market condition as the value of the asset was observed to be trading below 50 MA and 200 MA.
SHIB/USD
From the hourly chart SHIBUSD trade with a bearish bias as the value of the asset aim to retest $0.00002337 immediate support.
XLM/USD
The ATR value of XLM/USD remain calm as the market began to lose momentum. However a surge in volatility could change the overall price action of the asset.
For more quality crypto market analysis choose crypto market dot com to get the best out of the digital currency market
#trading #currency #bitcoinnews #cryptocurrencymarket #cardano #ethereum #litecoin #shibainu #stellar #chainlink #technicalanalysis #cryptomarketdarts
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