• Shivkumar

6th June - Crypto Price Analysis

(By Shivkumar)

1) BTC/USD

  • BTC has been trading between the $ 9,731 and $ 9,441 for the past two days.

  • Breakout of $ 9,731 will rally to $10,500 is likely.This level will be challenge for bulls because if $ 10,500 than uptrend is likely to begin.

  • Bearish below $ 9,440, a decline to the support zone $ 8,322 and bulls are likely to defend these support.

  • If the pair slips below the $ 8,821, a drop to $8,130.58 and below it to $6,752 is likely.

2) ETH/USD

  • ETH has been stuck inside the large intraday range and if bulls can push above $253.556, it can rally at $270. 

  • Bulls have the upper hand and if turns around from the current levels and falls $224 the bullish momentum will weaken. 

  • Bearish below $ 224 and a drop to 205 and then to $176.112 is possible.

3) XRP/USD

  • Bearish below moving averages, a drop to $0.19 and then to $0.17372 is possible.

  • Breaks out of $ 0.20 , the bulls will attempt to carry the price to the $0.23612–$0.24770 resistance zone.

  • Traders stops can be retained at $0.19 but can be trailed higher, if the pair sustains above $ 0.20

4) BCH/USD

  • Bulls have once again pushed the price above $255.46 and if bulls can sustain this level, to rise to $280.47. 

  • A breakout of $280.47 could start a new uptrend and can rally to $350.

  • Traders can buy on a close above $280.47 with a stop below $235.

  • If BCH pair turns down from the current levels a drop to $217.55 and then to $200 is likely.

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

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FOREX - CRYPTOCURRENCY

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