• Shivkumar

8th September - Cryptocurrency Price Analysis - By Shivkumar


1) BTC/USD

  • 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.

2) ETH/USD

  • 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.

3) XRP/USD

  • 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.

4) BCH/USD

  • 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 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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