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
