29th August - Cryptocurrency Price Analysis - By Shivkumar
1) BTC/USD
The bears could not sink the price below the $11,000 support, which suggests that bulls are buying on dips.
Bullish if bulls can push the price above the $11530, a retest at $12,113.50 is likely. The next uptrend if pair sustains above the $12,113.50–$12,460 resistance.
Bearish if pair turns down from $12,113.50, and might sink the price below the $11,000 support. If successful, a retest of the critical support at $10,400 is possible.
2) ETH/USD
Bullish if the price can sustain the price above $392,and ETH can rise to $415.634 and above it to the $446.479 resistance.
A break above $446.479 is likely to resume the uptrend with the next target objective at $480.
Bearish if bears sink from the $415.634 and pair could drop to $366 levels.
Below $ 366 the trend is negative.
3) XRP/USD
The buyers are attempting to push the price back above $0.268478 and if successful a move to $0.28 is possible and a move to $0.326113 is possible.
Bearish below $0.28, and can break $0.255 and if successful can fall to $0.241.
Current trend and charts show the bears are in control.
4) BCH/USD
Below $284 suggests that bears have the upper hand.
The bears will again attempt to sink the price below the $260 support and can target a drop to $240 is possible.
Bullish above $ 284,if buyer push a retest of the at $326.30 is likely.
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
