• Shivkumar

4th July - Cryptocurrency Price Analysis (By Shivkumar)

#cryptocurrencytrading #btcusd #ethusd #xrpusd #bchusd #cryptocurrency #CryptoNews #cryptomarkets #btcnews #crypto #cryptocoin #cryptoworld #cryptoinvestors #cryptosignals #cryptocommunity #cryptoexchange #cryptosurfers #cryptolifestyle #cryptowallet

1) BTC/USD

  • As per the technical charts it seems bears have a minor advantage.

  • A break below $8,825 will fall to the next support at $8,638.79 and critical support level at $8,130.58.

  • If the bulls can push the price above $9,410, a rally to $10,000 is possible.

  • It will be a challenging task to clear resistance zone of $10,000–$10,500, but if the price is carried above this zone than we can see a new uptrend.

2) ETH/USD

  • As per the technical charts the bears are not able to maintain the selling pressure at lower levels.

  • If the bulls break above $227 and if they succeed, the possibility of a break above $ 229 increases. 

  • If the minor resistance at $233 the bulls can push the price above it, the up move can reach $253.56.

  • Bearish below if it breaks below the $216.006 support and can drop to $200 and then to $176.112 is possible.

3) XRP/USD

  • For the past few days the price action been stuck been tight range and the bulls and bears are undecided on the movement.

  • If the bulls push the price above $0.193 we can see a trend change is likely.

  • If the bears can sink the price below the $0.172205–$0.169012 support zone,the next support on the downside is the $0.14–$0.13 zone.

4) BCH/USD

  • If the bulls can push the price above $ 238, it will signal strength and could result in a rally to $260. 

  • Bearish if turns down from $230, bears will be on aggressive selling and a break below $217.55 can drag the price to $200 and a new downtrend is likely.

  • The first support on the downside is $180 and if that gets broken, the decline can extend to $165.

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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