2nd May - Crypto Price Analysis
(By Shivkumar)
1) BTC/USD
Bulls could not sustain the higher levels as short-term traders booked profits.
Bulls bought the dip to $8,401.06,and again pushed the price above $9,000 but cant sustain higher.
Bullish above current levels or $8,175.49, will make another attempt to push above $9,200 and a rally to $10,000 is possible.
Bearish from current levels current level and might below $7,454.17.
If bulls don't rally the price above $9,200,traders can book profit on about 70% of the buy position.
Rest of the trade position can be held with a deeper stop loss at $7,626.
2) ETH/USD
Bears are still active at higher levels.
Bullish above $227.097,and rally to $250 and then to $289.599.
Bearish from current level fall to $186.
Traders can keep the stops on 50% of buy positions at $200 and the rest at $185.
3) XRP/USD
Bullish above $0.20570 and might rally to $0.24560 and $0.28 is possible.
Range bound if price below $0.24560.
Traders can book partial profits on the buy positions close to $0.24560.
The stops on the remaining positions can be kept at $0.19.
Bearish below $ 0.19.
4) BCH/USD
Bulls are defending the price of support $250 make another attempt to push the price above $280.47. If successful might rally to $ 350.
Range bound for few days if the price is not above $280.47.
Traders can trail the stops on the buy positions to $230 because if this level breaks, a drop to $200 is possible.
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
