• Shivkumar

1st September Cryptocurrency Price Analysis - By Shivkumar


1) BTC/USD

  • Bitcoin broke $11,559 and the bulls will now try to push the price above the $12,113.50–$12,460.

  • If successful with resumption of uptrend the next target objective at $13,000 and then $14,000.

  • If the price falls below the above resistance, the pair could remain range-bound between $12,113.50 and $11,000 for a few days.

  • A break below $11,000 will indicate weakness, and the pair will turn negative on a drop below $10,400 to $10,000.

2) ETH/USD

  • If bulls can push and sustain the pair above $446.479, the first target at $480 and then $550.

  • The momentum will weaken if the bears sink the price back below the critical support at $366.

3) XRP/USD

  • If the bulls can sustain the price above $0.28, a move to $0.295 and then to $0.326113 is possible.

  • Bears will try to sink the price below $0.26, if successful fall to $0.241068.

4) BCH/USD

  • Bearish below the $260 support, if they succeed, a decline to $245 and then to $232 is possible.

  • Bullish if the bulls push the price above the $282 a move to $300 and then to $326.30 is likely. 

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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