• Shivkumar

2nd July - Cryptocurrency Price Analysis

(By Shivkumar)

1) BTC/USD

  • As there was no selling below $8,825 this indicates that selling dries up at lower levels.

  • Bulls are attempting to push the price back above $ 9428 and will face stiff resistance at ($9,314) and $9,428.

  • A break out of $ 9428 will attract further buying, resulting in a move to $10,000.

  • Bearish if sink the price below $8,825 and if they succeed, a fall to $8,638.79 and $8,130.58 is possible.

2) ETH/USD

  • A break below $ 230, a retest of $216.006 is possible.

  • A break below $ 216 can have deeper correction to $200 and below that $176.112.

  • ETH/USD pair range-bound for a few more days.

  • They will be range bound until the bulls drive the price above $253.56.

3) XRP/USD

  • XRP is not pushing above $0.18 which shows lack of buying.

  • Bears can sink the price below $0.173278, and fall to recent lows at $0.169012 is likely.

  • Break below $0.16 level will increase selling and can fall to $.0.14.

  • Bearish view will be invalidated if the bulls can push the price above $0.18

4) BCH/USD

  • Below $232, suggesting that bears have the upper hand.

  • If bears slips below $217.55 a drop to the critical support at $200 is possible.

  • Bullish sentiment to prevail the bulls will have to push the pair above $239.

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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