• Shivkumar

21st July - Cryptocurrency Price Analysis - by Shivkumar


1) BTC/USD

  • BTC will be bullish if the price breaks above $9,500, it could be the first indication of strength.

  • If bulls buy aggressively above $9,500, it could rally to the $10,000–$10,500 zone, above which a sustained up move is likely.

  • Bearish if the price slips below $8,800.

  • The short-term traders owning long positions might cover them, and fall the pair to $8,130.58.

  • Below $8,130 we can see deeper correction.

  • Traders can wait on the sidelines and make an entry only if they believe that a strong trending move has started.

2) ETH/USD

  • The ETH pair staying close to the middle of the $216.006–$253.556 range.

  • Its hard to predict to which side the market will change.

  • Traders should be cautious until a trending move starts.

3) XRP/USD

  • Above $ 0.19, can move up to $0.206424 and then to $0.211694.

  • Bearish below the $ 0.19, a drop to $0.188499 is possible.

  • If the above support breaks drop to $0.17 levels.

4) BCH/USD

  • Bears try to sink the price below the $217.55 support.

  • If this support breaks down, it could drop to the critical support at $200.

  • Bullish above rebounds off the $217.55 support, it might remain stuck in the tight $217.55–$246 range for a few more days.

  • A breakout of $246 will be the first sign of strength where bulls are in control.

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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