Acuity Signal Centre: Crypto 16 Mar 2022

16 Mar 2022
10.02pm SGT

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

  • Prices expected to stall near trend line support
  • 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

RIPPLE

Bias: Bearish

We look to Sell at 0.798 with target prices of 0.751 and 0.741, and a stop price of 0.816

Confidence: 20%

Technical Analysis

  • Daily signals are bearish
  • Rallies continue to attract sellers
  • Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end
  • Bespoke resistance is located at 0.800

ETHEREUM

Bias: Bearish

We look to Sell at 2748 with target prices of 2581 and 2511, and a stop price of 2811

Confidence: 40%

Technical Analysis

  • Daily signals are bearish
  • Preferred trade is to sell into rallies
  • 2755 has been pivotal
  • 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 39444 with target prices of 41287 and 42187, and a stop price of 38688

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

Trading ideas at a glance.
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