• Shivkumar

4th August - Cryptocurrency Price Analysis - By Shivkumar

#cryptocurrency #cryptosignals #Cryptonews #btcusd #ethusd #xrpusd #bchusd #cryptosurfers #cryptocoins #cryptotraders #cryptoexchange #cryptoinvest


1) BTC/USD

  • 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.  

2) ETH/USD

  • 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.

3) XRP/USD

  • 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. 

4) BCH/USD

  • 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.

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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