8th September - Cryptocurrency Price Analysis - By Shivkumar
Bull have not been able to push the price above $10,625 and suggest no much buying at higher levels.
Short term trend for BTC is negative and bears are in control.
Bearish below $9,835.20, a minor support at $9,540. If these support is broken than it can fall to $ 9000 and $ 8000.
Bearish view will be invalidated if bulls can push the price above $11,000 and sustain it.
A sharp fall suggests ETH is likely to face another wave of selling.
Bearish below $308.392, a drop to $288 is possible. If these support breaks it could decline to $220.
Bullish if the ETH/USD pair breaks out of the $366–$400 resistance zone.
Bearish if the pair breaks below $0.229582, the next support is $0.21, and the fall extend to $0.19.
Bullish above $0.268478 and can see a change in the trend.
Bearish below $259 and technical charts indicate bear are in control.
A break below $200 can result to fall to low as $ 140 and it will be a huge negative.
Bull can be range bound for few days if price defend the $217.55–$200 support zone.
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