• Shivkumar

7th 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

  • If the BTC/USD pair turns down from $ 9391, the bears will make one more attempt to sink the price below the $8,825–$8,638.79 support zone and can expect deeper correction.

  • If the bulls can drive the pair above $ 9391 a rally to $10,000 is likely.

  • A breakout of the $10,000–$10,500 zone could sustain a new uptrend.

2) ETH/USD

  • By climbing above $230 the next target is $253.556, if bulls can sustain above these level than the uptrend resumes and next target is $ $ 288.59.

  • If the bears again defend the $253.556 level, the pair might remain range-bound for a few more days.

  • As per technical analysis it shows as the bulls have minor short term advantage.

3) XRP/USD

  • Above this resistance $ 0.19, a rally to $0.214616 and then to $0.235688 is possible.

  • As per the technical analysis, bears looks in control and $ 0.19 level cant be sustained longer.

  • The rally above $ 0.19 can be a bull trap.

4) BCH/USD

  • This is the first sign that the bulls are in control if price can sustain above $240, a rally to $260 is possible.

  • The pair will be bearish if the pair turns down from $240, it could again drop to the 20-day EMA ($229).

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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