30th May - Crypto Price Analysis
Bears are giving a fight at $ 9600 and if these level is broker than the target can lead to $ 11,828.
Bearish from current levels, and bears can sink below $ 9,150 and if successful and target pattern will be at $6,752.
ETH looks positive and with minor resistance it can rally to $ 257.
If the price sustains below $ 220 it will suggest that the current breakout was a bull trap.
Bearish below $ 206 it could support at $191.692 could signal the start of a possible downtrend.
Traders who have bought the recommendation given in the previous analysis can keep their stops at $200.
If ETH pair bounces off $ 220, bulls will make one more attempt to clear the $220.097 hurdle. and if successful the uptrend will resume.
Currently it shows from technical charts that bull have upper hand.
Bearish if prices turn down from the current levels and sink the price to critical support at $0.17372.
Bullish above the $ 0.20570, a move to $0.22504 and then to $0.23612 is possible.
Traders who don’t have buy positions can buy if the price sustains above $0.20570 for a few hours. The stop-loss for this trade can be kept at $0.19.
BCH had broken above $238 but bulls are facing stiff resistance at higher levels.
If the price turns down and slips back below $ 238 , a drop to $217.55 is likely.
Bearish below $217.55, a drop to $200 and then to $166 is possible.
Traders can avoid holding buy positions below $217.
Bullish above $ 238 , a move to $255.46 and then to $280.47 is possible.
If the above levels are crossed than a new uptrend is likely.
Disclosure: The author holds no cryptocurrency at the time of writing.Register for Technical news and market update email@example.com || Facebook :- www.facebook.com/shivfxcrypto ||Instagram :- www.instagram.com/shivfxcrypto1 ||Twitter :-www.twitter.com/shivfxcrypto|| Whats App :- +91-70439-12326