4th August - Cryptocurrency Price Analysis - By Shivkumar
BTC corrected from just below the $12,304.37 level and buyer purchased at correction.
The technical chart with RSI show that the pair is overbought.
Bulls will once again try to carry the pair above $12,113.50 and if they succeed the uptrend is likely to resume next target at $13,000 and then $14,000.
Bearish if the pair turns down from the current levels and breaks below the $10,400 support.
ETH pair dipped to a low of $328.507 and buyers purchased at the lower level.
The technical chart Moving average with RSI show that the pair is overbought suggests bulls are in command.
Bearish if it break below $366 and fall to $311 and a break below this support could change in trend.
XRP hit an intraday high of $0.326113 and an intraday low of $0.25041.
Bulls have been buying at the dips and are aggressive to move in uptrend.
RSI show an over bought, chasing prices higher from the current levels might be risky.
Bearish below $0.284584 will indicate weakness and could result in a deeper correction.
Bullish if the price above $0.346727, the uptrend can extend to $0.40.
BCH pair took support at $280.47 and the bulls now attempting to push the price back towards $353.
The price above $267 and the RSI in the positive territory suggests that bulls have the upper hand.
Bearish from the higher levels and breaks below $280.47.
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