20th June - Cryptocurrency Price Analysis

(By Shivkumar)

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1) BTC/USD

• Bearish if the price below $9,384, a drop to $8,638.79 and $8,130.58 is likely.

• The price rebounds the pair remain range-bound for a few days.

• If the pair slips below $8,130.58, it would be a huge negative.

• Bullish above $9,384, a move to $10,000 is possible.

• A breakout of the $10,000–$10,376.38 zone will complete the bullish pattern that has a target objective of $11,869.42.

2) ETH/USD

• ETH is currently consolidating between $225.873 and $239.35 and shows a demand between demand and supply.

• Bearish below $225.783 and might fall to $219. The next critical support will be $196.875 and then the critical level of $176.112.

• Bullish off the current level and breaks out of $239.35, a move to $253.55 is possible and up next level to watch out for is $288.599.

• The market is range bound and wait for a better trade setup.

3) XRP/USD

• Bearish below $ 0.187 and will try to drag the price to $0.162 and then to $0.144.

• Bullish above the current levels and $ 0.2020 can push the price to $0.214616 and then to $0.235688.

4) BCH/USD

• Bears are currently attempting to sink the price to the support at $217.55.

• If this support cracks, BCH might decline can extend to $200.

• The bulls will try to push it back above $ 243 and if successful, a move to $255.46 is possible.

• The pair can be also range bound for few days if its turns back from $ 243.

• A rally can be expected above $255.46, a rally to $280.47 is likely and can extend to $350.

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