• Shivkumar

18th August Cryptocurrency Price Analysis - By Shivkumar


1) BTC/USD

  • This bullish setup has a pattern target of $13,702.55 & with technical indicators Moving Average, RSI shows overbought and bulls have control.

  • Bearish if the bears fall price below $12,113.50 and drop to $11,457. A break below this support will be the first indication that bulls has weakened.

2) ETH/USD

  • ETH has been sustaining above the $415.634,which is a positive sign.

  • Bullish if price above $444.15, and next target is the $480–$500 zone.

  • Technical moving average and the RSI in the overbought zone suggest that the trend favors the bulls.

  • Bearish if bears sink the price below $415.634, a drop to $387 is possible.

  • If the ETH/USD pair rebounds off the $ 387 , the bulls will again attempt to resume the uptrend.

  • Break below $ 387 will be bearish and will change the momentum and break below $ 366 bears will be in control.

3) XRP/USD

  • XRP has picked momentum and shows bulls will now try to push the price above the $0.326113–$0.346727.

  • If they succeed, a rally to $0.40 is possible.

  • Bearish below $0.28 and below $ 0.268 bears will be under favor.

4) BCH/USD

  • Above $292 shows bulls in command and try to push the price to $326.30 and then to $353.A break out of $353 will rally to $410 and then to $430.

  • If bears defend $353, stay inside the range for a few more days.

  • Bearish below below the $280 support.

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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