• Shivkumar

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

Image by Andrew Neel

FOREX - CRYPTOCURRENCY

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