CryptoCurrency Daily Recap 22nd FEB

CryptoCurrency Daily Recap 22nd FEB

Ethereum / Dollar BITFINEX:ETHUSD


Long term view for BTC is bearish . Currently BTC             is trading below 50 MA and also below 100 MA.
BTC             is currently trading at 10107 and holding both support and psychological level at 10000.
Having said that it seems there are still some gas left in BTC             , means BTC             is expected to bounce back again from this level and trade between 10K and 12K for some time before turning back.

BCH looks pretty grim with “death cross” MA 40/MA 80, price at MA 80 level was rejected by market. BCH is currently trading at 1210, 1200 is a strong support level for BCH and also a physiological level.
This level is expected to hold BCH for some time and expect choppy market for BCH for next couple of days with price likely to move between 1200 and 1500 before BCH breaks down 1200.

ETH is currently trading at and above 100MA, above 800, which is also a support level . ETH is expected to hold this level for some time and likely to bounce back from here.

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