With the breakout and close above $13,000, the next level to watch is the Fibonacci extension level of $14,273.
If the bulls close the price above this level, it will complete a rounding bottom pattern, which is a reversal formation and has a target objective of $557.43.Both the moving averages are trending up and the RSI is in the overbought zone, which suggests that the bulls are in command.
The ETH/USD pair will indicate weakness if the price reverses direction and plummets below $320.840.XRP/USDRipple held the pullback to the breakout level of the symmetrical triangle on June 24.
They will now try to push the price above the overhead resistance of $0.50500.
If successful, the uptrend will resume that can carry the price to $158.91 and above it to $184.7949.
If the bulls fail to keep the EOS/USD pair above $6.8299, it can fall to support line of the channel.
While the price dipped below the 20-day EMA, it could not sustain below it, which shows buying at lower levels.
The only bearish point on the chart is the negative divergence on the RSI. If bulls fail to sustain above $40, the BNB/USD pair might consolidate between $28 and $40 for the next few days.
On both June 2 and 25, the bulls pushed the price above the resistance but could not sustain it.
On the other hand, if the price reverses direction from the current level, it can fall to the 20-day EMA. If this support also cracks, the pair can correct to $0.029.
Price Analysis 26/06: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, ADA, TRX
Publicado en Jun 26, 2019
by Cointele | Publicado en Coinage
Coinage
Mencionado en este artÃculo
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.