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