• Shivkumar

23rd June - Cryptocurrency Price Analysis

(By Shivkumar)

1) BTC/USD

  • BTC has been consolidating near $10,000–$10,500 for the past few weeks and a bullish setup is formed.

  • For the uptrend to resume the bulls will have to push the price above the $10,000–$10,376.38 which will complete bullish pattern and a target objective of $11,869.42.

  • Bearish if BTC pair reverses from the current levels or from $ 10,000.

  • These will attract selling by the short-term traders.

  • Selling could be aggressive on a break below $8,910.04 and sink the pair to $8,130.58.

2) ETH/USD

  • Ether has bounced off at $225.783 and has cleared the path at $239.45 and next level to watch out for is $253.556.

  • If the rally is picked and a break out of $253.556 and move towards $288.599. These levels will be aggressively defended by bears.

  • Bearish from current levels or from $253.556 and breaks below $220.

  • Below this level, a drop to $200 and then to $176.112 is possible.

3) XRP/USD

  • A breakout of $ 0.19 will signal advantage to the bulls.

  • Bearish if pair turns down from the $0.193.

  • In such a scenario, the bears will once again try to sink the price below $ 0.188, if they are successful, a new downtrend is likely.

4) BCH/USD

  • BCH has been trading between $255.46–$217.55 for the past few days.

  • If bulls push the price above $ 242 , a rally to $255.46 is possible.

  • If bear pull the price below $ 242, a drop to $217.55 is possible.

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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