18th August Cryptocurrency Price Analysis - By Shivkumar
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.
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.
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.
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 email@example.com || Facebook :- www.facebook.com/shivfxcrypto ||Instagram :- www.instagram.com/shivfxcrypto1 ||Twitter :-www.twitter.com/shivfxcrypto|| Whats App :- +91-70439-12326