• Shivkumar

13th June - Cryptocurrency Price Analysis

(By Shivkumar)

1) BTC/USD

  • Bitcoin $10,000 again proved a challenge to cross the price turned down sharply and shows bear defending these position.

  • Buyers are struggling to push the price above $9,529. 

  • Bearish below $ 9,529 and breaks below $9,078.96, a decline to $8,130.58 is possible and could start a new downtrend.

  • Bullish above $9,529 another attempt to climb the $10,000–$10,500 zone is likely and can start a sustained uptrend.

2) ETH/USD

  • Bulls are again purchasing at the drop to the uptrend line.

  • The bulls are attempting to push the price above $ 288 and if successful a rally to $253.556 is possible.

  • If the ETH/USD pair below $ 288 it will signal a possible change in trend. 

3) XRP/USD

  • A breakout of the $ 0.203 will be a positive sign and it could offer a buying opportunity to the traders and can rally to $0.235688 and target at $0.2707. 

  • Bearish below $ 0.19 will try to sink the price and if successful, a drop to $0.16 and then to $0.14 is likely. 

4) BCH/USD

  • Above $ 246 if successful, a rally to $255.46 is possible,$260 and pick up momentum above $280.47.

  • Below $ 246,the next support at $217.55.

  • If this support holds, the pair might remain stuck between $217.55–$255.46. If the $217.55 level cracks the pair can drop to $200.

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

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FOREX - CRYPTOCURRENCY

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