28th May - Crypto Price Analysis
Bears selling pressure dries up at lower levels and bulls are not waiting for a correction to buy.
Traders should be ready for any eventuality and there is no guarantee for upward or downward movement.
From the current level the pattern target is $11,828, but traders should keep an eye on the $10,500 level as the bears are likely to defend these price.
Bearish from $ 8334 and the pattern target of such a drop is $6,752.
A bullish pattern after a break of $ 206 with a target objective of $257.
Bears will defend the $227.097 level aggressively, it is likely to be scaled.
Below $ 206, offers a buying opportunity to the traders.
Bearish if below $191.692 and If this support cracks, a drop to $176.112 is likely.
Bulls have been buying from the dips and if successful, a rally to $0.22504 and then to $0.23612 is likely.
Bears will make another attempt to sink the price below $0.17372 and a negative trend can start.
Bitcoin Cash continues to trade inside the tight $217.55-$255.46 range.
If bulls are successful, a rally to $255.46 and above it to $280.47 is possible.
Traders are advised to keep a stop loss below $ 217, and further trail the stop loss.
Bearish below $217.55 and a drop to $200 is possible.
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