5th September - Cryptocurrency Price Analysis - By Shivkumar
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.
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.
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.
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 email@example.com || Facebook :- www.facebook.com/shivfxcrypto ||Instagram :- www.instagram.com/shivfxcrypto1 ||Twitter :-www.twitter.com/shivfxcrypto|| Whats App :- +91-70439-12326