18th July - Cryptocurrency Price Analysis by (Shivkumar)
1) BTC/USD
If the price sustains below $ 9,140, the bears sink the BTC/USD pair to $8,638.79 and then to $8,130.58.
Bulls aggressively defend the $8,130.58 support, which could keep the pair range-bound for a few more days.
If the price sustains above bull can go to $10,000–$10,500 zone is likely. There is not momentum and the options looks bleak.
As per technical charts we can see the bears are in control.
2) ETH/USD
ETH increase possibility to fall to the support of the $216.006–$253.556 range.
If the bears sink the price below the support at $216.006, it can decline to $178.506.
If the bull turns up from the current levels and breaks out of $253.556, a rally to $288.599 is likely.
Its very difficult to predict the direction as the pair is trading in middle of range.
3) XRP/USD
If bulls succeed and push the price above $0.20, a rally to $0.214616 is possible and can also move up to $0.235688.
If the bears defend the resistance at $0.214616 can be range bound between two levels $ 0.19 and $ 0.17.
Bears can push the price below $ 0.19, it can result in a drop to $0.17, and below $ 0.17 a new downtrend can start.
4) BCH/USD
BCH is likely to be in range $217.55–$246 for a few more days.
Below $231 which suggests that bears have a slight advantage can breaks below $217.55, a retest of $200 is likely.
Below $ 200 it can start a new downtrend.
A break above $246 can result in a move to $260 and then to $280.47.
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
