14th May Crypto Price Analysis
(By Shivkumar)
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1) BTC/USD
The breakout above $8,662 further strengthened a possible retest of $10,000 levels.
Above $9,200, a move to $10,000 is possible and bears will test these level.Once these level is broken bears can give a strong fight at $ 10,700.
Bearish below recent lows of $8,130.58 and if these is broken it can fall to $6,471.71 is possible.
2) ETH/USD
The bulls again bought the dip and pushed the price above $ 196, and if these level is broken where is stiff resistance it can rally to $ 227.
Bearish below $ 196, it can correct the price at low of $ 176.
3) XRP/USD
Bulls bought the dips aggressively and push the price above $0.20.
If successful, it can rally to the downtrend line is possible. A breakout of the downtrend line will signal strength and can result in a rally to the $0.23612-$0.24770 resistance zone.
Bearish below $ 0.20 and make another attempt to break the $0.17372 support. If that happens, a drop to $0.14 is possible.
4) BCH/USD
Bitcoin Cash consolidating between $200 and $280.47 for more than a month.
There was buying by bulls at dip, but unable to push the price above $243.
Bearish if it falls from current levels, a drop to $200 is possible.
Bullish above $ 243 and a move to $280.47 is likely.
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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
