• Shivkumar

11th August - Cryptocurrency Price Analysis - By Shivkumar


1) BTC/USD

  • A breakout above $12,113.50 is likely to resume the uptrend can reach $12,304.37 and will be a minor resistance. Above these level the uptrend can reach $13,000, and above it, $14,000.

  • Bearish and bears aggressively defend the $12,113.50 and it can fall the price to $11,052.

  • Below $ 11,052 it can retest $ 10,400 and a break below these level will show the bears will be in control.

2) ETH/USD

  • Bearish if the bears sink the price below $366. A break of $ 351 will reach $ 304.

  • Technical charts indicate its Overbought.

  • A breakout & close above $415.634 will signal the uptrend toward the next target of $480.

3) XRP/USD

  • XRP technical indicate a bullish setup which suggest the uptrend is likely to resume with the first target at $0.346727 and then $0.432105.

  • Bearish below $0.267 which can drag the pair to $0.244472.

4) BCH/USD

  • Bears are attempting to sink the price back below the breakout level of $280 and might target $260 and then to $245.

  • Bullish above $ 304 , a rally to $353 is possible and could resume the uptrend to $400.

Disclosure: The author holds no cryptocurrency at the time of writing.Register for Technical news and market update shiv@shivfxcrypto.com || Facebook :- www.facebook.com/shivfxcrypto ||Instagram :- www.instagram.com/shivfxcrypto1 ||Twitter :-www.twitter.com/shivfxcrypto|| Whats App :- +91-70439-12326

Image by Andrew Neel

FOREX - CRYPTOCURRENCY

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