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Crypto Technical Analysis Report 24-7-2024

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BTCUSD

BTCUSD

Bitcoin is trading around the support area of $66,000. If it holds above this area, it is likely to target the $69,450 area. This scenario would be invalidated by a break below the mentioned support area.

Support

66000 64820 63800
Resistance 68545 69450

71250

ETHUSD

ETHUSD

Prices are moving sideways in the short term between the resistance area of $3,550 and the support area of $3,375. This sideways movement is likely to continue in today’s trading, with a retest of the $3,375 area and a rebound to the upside. This scenario would be invalidated by a break below the mentioned support area.

Support

3375 3220 –
Resistance 3550 3650

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XRPUSD

XRPUSD

The prices are trading below the resistance area of $0.6155, which is likely to limit the upward movement in today’s trading. Prices are expected to fall and retest the secondary support area of $0.5780. This scenario would be invalidated if the mentioned resistance area is breached upwards.

Support

0.5445 0.5100 –
Resistance 0.6155 0.6430

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LTCUSD

LTCUSD

The prices have bounced from the support area of $69.65 upwards, where it is likely prices will target the resistance area of $74.50. If the prices break through this resistance, we may target the $77.65 area. This scenario would be invalidated if the mentioned support area is broken downwards.

Support

69.65 65.75 –
Resistance 74.50 77.65

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