• Shivkumar

9th June - Cryptocurrency Price Analysis

(By Shivkumar)

1) BTC/USD

  • BTC is stuck between $9,499 and $ 9,710 which shows a sign of consolidation and bulls buying.

  • If the bulls can push the price above $ 9,710 a retest of $10,500 is possible and a uptrend can be seen.

  • If BTC pair turns down from $10,500 the price can fall price to $8,130.58 and if these support cracks it can further fall to $6,500. 

2) ETH/USD

  • ETH stuck a tight range of $247.827–$233.449 for the past few days and shows a balance with Bulls and bears.

  • A breakout of the $247.827– $253.556 will signal that bulls have overpowered the bears and push the price to $277 and technical chart shows bulls are in command.

  • A breakout below the $233.449–$227.097 support zone, a correction to $209.52 is possible.

3) XRP/USD

  • If the bears can sink the price below $0.19614, a drop to $0.19130 and $0.17372 is possible.

  • If bulls drive the price above $ 0.205, a rally to $0.23612 is possible.

  • XRP has been under performer for past few days. Traders should be careful before executing any trade.

4) BCH/USD

  • If the bears breaks below $ 255, a drop to $217.55 is possible.

  • If the bulls can sustain the price above $255.46, a rally to $280.47 is likely and which can be a possibility to new uptrend.

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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