• Shivkumar

26th May - Crypto Price Analysis

(By Shivkumar)

1) BTC/USD

  • Bulls fail to push the price and if does not push the price in the couple of days, it will suggest the uptrend has ended.

  • The next support on the downside is $8,130.58, if this support holds, the pair could remain range-bound $8,130.58 and $10,000 for a few days.

  • The Technical chart shows that there has been a balance between supply and demand.

  • Bullish if pair bounces off $8,130.58, it could offer a buying opportunity with a target objective of about $10,000.

  • Bearish if pair below $8,130.58, it could signal the start of a downtrend.


2) ETH/USD

  • The bulls are attempting to push the price and defend uptrend (around $ 202) which has a setup target objective of $257.This could offer a buying opportunity to the traders.

  • Bearish if sink the pair below the uptrend line ($ 190 or $ 202), a drop to $176.112 is possible and if this support holds, can remain range-bound for a few days.

  • The Technical chart shows that there has been a balance between supply and demand.

  • The downtrend will start below $176.112.

3) XRP/USD

  • Bulls are defending the support at $0.17372.

  • Traders bought at the bounce off support at $0.175 as suggested in the previous analysis, keep a stop-loss of $0.173.

  • Bulls can carry it above the$ 0.2005 a move to $0.22504 and then to $0.23612 is possible.

  • Traders can trail stops higher as the price moves up.

  • Bearish below $0.17372, a drop to $0.14 is possible.

4) BCH/USD

  • Bulls have been buying at lower level below $ 230 after May 24th, and have managed to keep the price above next support at $ 217.55

  • The bulls will move the price above the current level or from the support at $ 271.55.

  • If successful, a move to $255.46 is possible and it call result to $ 280.47.

  • Bearish below current level will increase the possibility of a fall to $217.55. This support $ 217.55 has held thrice before, it can offer a buying opportunity with a tight stop-loss.

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

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Image by Andrew Neel

FOREX - CRYPTOCURRENCY

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