26th May - Crypto Price Analysis
(By Shivkumar)
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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.
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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
