• Shivkumar

30th May - Crypto Price Analysis

(By Shivkumar)

1) BTC//USD

  • 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.

2) ETH/USD

  • 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.

3) XRP/USD

  • 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.

4) BCH/USD

  • 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 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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