19th May - Crypto Price Analysis
Bulls are buying at the dips and breakouts and is in uptrend but still finding it difficult to break psychological level of $ 10,000.
If the bears again succeed in defending $ 10,000 ,then a fall to $ 9,025 is possible.
Again for buyer $ 9025 will be a good level to buy on rebound.
Bulls if break level $ 10,000 than $ 10,600 is possible.
The first sign bear are taking control will be on the break of $ 9025.
Traders might have got a buying opportunity as suggested in the previous analysis.
If the bulls can push the price above $220, a move to $227.097 and then to at $245 is possible,it can result in a rally to $288.599.
Bearish from the current levels a drop to $176.103 is likely.
Below $ 176 the trend is likely to favor the bears.
Bulls are finding it difficult to break above the zone between $0.20570 and $ 0.23.
If it falls from current levels, it can drop to $0.197 and a retest of $0.17372 will be on the cards.
If the bulls can push the price above $ 0.20, a rally to $0.23612 is possible and can retest $ 0.27.
Bitcoin Cash been trading in range of $230-$250 for the past few days and suggest bulls and bears are playing it safe without placing of any trades.
If bull push the price above $250 a rally to $280.47 is possible and might retest $ 280 with bears defending these position.
Bearish from current levels and fall below $230, a drop to $200 is likely.
It will be a buying opportunity as in these level on previous three occasion the bulls has been buying.
Disclosure: The author holds no cryptocurrency at the time of writing.Register for Technical news and market update firstname.lastname@example.org || Facebook :- www.facebook.com/shivfxcrypto ||Instagram :- www.instagram.com/shivfxcrypto1 ||Twitter :-www.twitter.com/shivfxcrypto|| Whats App :- +91-70439-12326