• Shivkumar

5th September - Cryptocurrency Price Analysis - By Shivkumar


1) BTC/USD

  • BTC fell below the $11,000 and $10,400 support and hit an intraday low of $9,958.

  • As per the technical charts the price is below moving average $11,331 and shows that the bears are in control.

  • Bearish if the price below $10,000, the next support close to $9,500.

  • If this support broken , the price could fall to $9,000 and then to $8,000.

  • Bullish if pair rebounds off the current levels and rises above $11,000.

2) ETH/USD

  • If the bulls can push the price above $ 404 the pair could remain range-bound for a few days.

  • Bearish below $ 404 and the pair could breaks below $366, a deeper correction to $288 is possible.

  • The price $368, which is just above the critical support at $366 to watch.

3) XRP/USD

  • XRP fell below the $0.265 and $0.275 shows the bears are in control.

  • Bulls are defending the $0.235688.

  • Bullish if the pair rebounds the current levels and rises above both $ 0.26.

4) BCH/USD

  • BCH intraday low of $201.51 which suggests that the bears are in command.

  • Bearish below $200 support and $245.

  • If the price turns down from either level, bears will again try to sink below $ 200 and correction to $ 150 is possible.

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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