25th August - Cryptocurrency Price Analysis - By Shivkumar
Bulls are defending moving average $11,589, and sentiments remains bullish and could move to $ 12,113.50.
Bullish if bulls can push the price above the $12,113.50–$12,460 resistance zone, with the next target at $13,000 and then $14,000.
Bearish below these zone $12,113.50–$12,460 and a drop to $11,000 and then to $10,400 is possible.
ETH price below $394 which suggests that the bulls were accumulating at lower levels.
Bearish if the bears sink the price below the critical support at $366.
Bullish if bulls push the price above $ 394 and will target $ 415.64.If the succeed the will retest $ 446.47 and test $480 & $516.
If the pair turns down from either $415.634 or $446.479, a few days of range-bound action is possible.
XRP is range-bound between $0.326113 and $0.268478 and it shows a balance between demand and supply.
Bullish if they can push the price above $0.326113, a rally to $0.346727 and then to $0.40 is possible.
XRP price below $0.326113, it will be in range for a few more days.
Bearish below $0.268478 support. If this level cracks, a drop to $0.24 is likely.
Buying at the dips is seen below the breakout level of $280 and might push the price to $326.30.
BCH will be range bound if the price is turned down from $326.30.
Bullish if bulls can push the price above $326.30, a rally to $353 is possible and result in a rally to $400.
Bearish below the $280 support and downside is $260 and then $245.
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