• Shivkumar

11th June - Cryptocurrency Price Analysis

(By Shivkumar)

1) BTC/USD

  • The advantage is with the bulls and BTC getting ready for a big move.

  • A breakout of $ 9,760 will signal strength and could result in a possible rally to $10,500.

  • If the rally continues the momentum it can rally to $ 12,000.

  • Bearish below $ 9,550 and decline to $8,130.58 is likely.

  • A break below this critical support will turn the trend in favor of the bears.

2) ETH/USD

  • The price has again dipped back into the $247.827–$233.449 range.

  • If ETH rebounds $231, the bulls will push the price to $249.699–$253.556 and if successful it can target $280 is likely.

  • If the bears sink the pair below $ 231, a fall to $ 212 is possible and a possible change in trend will be seen.

3) XRP/USD

  • Technical chart suggests a balance between supply and demand.

  • If the bulls break above $ 0.203 the uptrend is likely to begin and with a target to $ 0.2707.

  • Bears will create a challenge at $0.235688 and again at $0.246094 for upward rally.

  • Bearish below support of $ 0.201, the target objective is $0.1244.

  • The bulls are likely to defend the $0.16 and the $0.14 levels aggressively.

4) BCH/USD

  • Bitcoin Cash has bounced off $248 and if the bulls can sustain the price above $260, a rally to $280.47 is possible.

  • If bulls rally above $280.47, a new uptrend is likely with a target of $350.

  • if the BCH pair turns down from $280.47 it will be range-bound.

  • Bearish scenario below $ 253 where in the bears have control on the bulls and a drop to $200 could be on the cards.

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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