25th Apr - Crypto Price Analysis
(By Shivkumar)
1) BTC/USD
Bearish below $7,454.17, a retest of the breakout level at $7,220 is possible.
Bulls will again attempt to drive the price above the $7,454.17-$7,740.37,if successful, a rally to $8,000 and then to $9,000 is possible.
First sign of weakness will be a break below $ 7033 and the bearish scenario will come into play below $6,471.71.
Traders the stop loss on the buy positions can be retained at $6,200.
2) ETH/USD
ETH is trading above $169 is in the positive territory, which indicates that the bulls are in control.
A rally to $ 250 possible pair remains bullish as long as it trades.
Bearish below $ 169.
Traders the stop-loss on the buy positions can be trailed higher to $155.
3) XRP/USD
XRP pair has marginal advantage to the bulls above $ 0.187.A move to $0.20570 is likely, it can start an uptrend,a rally to $0.25.
Bearish If it falls below current leve or $0.20570 and breaks below $0.17372, the trend is likely to favor the bears.
Traders, the protective stop-loss on the buy positions can be trailed higher to $0.170.
4) BCH/USD
BCH pair range-bound between $200 and $250 for a few more days.
Bullish pair above $250, a move to $280.47 is possible. A break out of these level which could result in a rally to $350.
Bearish a break below $200 which has a target objective of $119.53.
Traders stop-loss on the buy positions can be kept at $197.
Disclosure: The author holds no cryptocurrency at the time of writing.Register for Technical news and market update shiv@shivfxcrypto.comFacebook :- www.facebook.com/shivfxcrypto ||Instagram :- www.instagram.com/shivfxcrypto1 ||Twitter :-www.twitter.com/shivfxcrypto|| Whats App :- +91-70439-12326
