21st July - Cryptocurrency Price Analysis - by Shivkumar
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.
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.
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.
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 email@example.com || Facebook :- www.facebook.com/shivfxcrypto ||Instagram :- www.instagram.com/shivfxcrypto1 ||Twitter :-www.twitter.com/shivfxcrypto|| Whats App :- +91-70439-12326