• Shivkumar

3rd September - Cryptocurrency Price Analysis - By Shivkumar


1) BTC/USD

  • BTC turned down from the $12,113.50, show bears are in control.Look for the level $11,558.

  • Bearish if the bears sink and sustain the price below the $11,000 which has a pattern target of $9,540.

  • Bulls will attempt to defend the $10,400–$10,000 zone.

  • If the price rebounds $11,000 levels, likely remain range-bound for a few days.

  • Bullish if the bulls can scale the price above the $12,113.50–$12,460.

  • The couple of days are are critical and look out for the breakout or breakdown from the $11,000–$12,113.50 range, which could start a new trend move.

2) ETH/USD

  • Bearish if bears sink pair below $415.634, a drop to $366 is possible.

  • After intraday fall to $416.248, bulls are defending $ 408.

  • Technical chart are in favor of bulls. If successful the next price target to $ 480.

3) XRP/USD

  • Due to huge selling pressure at $0.303746 and this pulled the the price to $0.262484.

  • Bearish below $0.263 and bears could be a deeper fall to $0.235688 increases.

  • If bull defend $ 0.263 pair could remain range-bound between $0.26–$0.30 for a few days. Or On a close above $0.30, a move to $0.326113 is possible.

  • Technical charts suggest bears have a minor advantage.

4) BCH/USD

  • Bearish if it falls below $245 a drop to $217.55 is possible.

  • Technical charts show bears have advantage.

  • The bearish view will be invalidated raises and sustains above $ 280.

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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