On the daily time frame, the situation is vice versa. The trading is taking place within the descending channel and a possible rise to $10,000 might happen if Bitcoin (BTC) retests the $8,900 mark. It may happen until the end of July, however, if bears push it below $8,500, the growth scenario will be cancelled.
EOS is looking more bearish than all coins from our list. The price of it has declined by 4.69% over the last 7 days. EOS is also trading in a narrow range over the last time, however, the trading volume keeps going down which means that buyers are likely to fix their profit. In addition, the bearish divergence has been formed on the RSI indicator and it has not...
On the weekly time frame, XRP is located in a sideways trend, however, the trading volume keeps declining. Also, the bearish divergence has been formed which means that the coin might decline. The nearest support is at $0.1275, which traders may attain by the end of summer 2020 if they fail to fix above $0.20 shortly.
On the daily time frame, bearish mood still prevails over the bullish one. Bulls cannot break the falling channel and the trading volume remains at the lowers level. That is why, there is a high probability to see the leading crypto at the bottom area of the channel at $8,900 at the beginning of August.
On the daily chart, sellers are also controlling the situation. The MACD is about to enter the bearish zone soon while will confirm the ongoing decline. The selling trading volume is also quite high and the closest stop may be the support of $150. Such a scenario is relevant until the end of summer 2020.
XLM can be considered as an exception from the rule as its price drop has made up only 0.06% over the last 24 hours. However, the decline might be only a matter of time, as the trading volume is slightly declining while the coin keeps trading at the same level. Also, the liquidity is low to keep Stellar (XLM) locating at the area around $0.1. That is why traders...
A narrow trading range has formed on the 15-minute chart with support at $9,160 and an upper border of $9,300. All attempts by the price of Bitcoin (BTC) to rise above $9,360 were unsuccessful. Similar false exits from the sidewall previously ended with the formation of new lows. The most likely mid-term scenario is a fall to $8m500 and the formation of a new...
On the daily time frame, the picture is completely different. The bullish sentiments are strong enough to continue the growth. Thus, the lines of the MACD indicator are moving upward. If the trading volume remainst at the same level or increases, there are high chances for LINK to retest the local peak at $8.53 soon.
On the daily time frame, the growth is also unlikely to continue as the trading volume keeps going down. The RSI indicator has almost left the overbought zone, having formed the bearish divergence. The last but not least applies to the lack of liquidity at the current levels which may push Cardano (ADA) to the mark at $0.1090 until the end of July 2020.
On the daily chart, Chainlink (LINK) is overbought based on the Relative Strength Index indicator. To keep growing the coins need to accumulate power in the yellow range between $6.5 and $7.5. However, a further rise is possible only if the trading volume increases. Such a scenario is relevant until the end of the current month.
On the bigger chart, XRP keeps getting efforts for a continued rise, however, it is unlikely to happen as the trading volume remains at the same level. As the more likely scenario, the growth may last until the coin reaches the $0.2151 mark. Besides, the liquidity is low to keep the bullish wave.
On the bigger chart, nothing positive has appeared so far. The bearish divergence on the RSI indicator confirms the ongoing sellers' pressure. In addition, the MACD indicator might change to red soon. Although the liquidity is quite high, the trading volume is not enough to keep XRP at the current levels. Respectively, the more likely option is the drop to $0.1840...
On the bigger chart, the bullish trend has stopped, however, the bearish one has not started so far. If sellers push Cardano (ADA) below $0.12 and fix the price there, the recent growth will not be relevant anymore. But currently, the more likely projection is the sideways trading in the range between $0.12 and $0.1250 until mid-July 2020.
On the daily chart, the leading crypto still lacks efforts to get to the psychological $10,000 mark. There is no buyers' pressure which is confirmed by the low trading volume level. In addition, the bearish divergence has been formed on the RSI indicator. As the more likely scenario traders might consider a drop to the first support area of $9,000 within the next days.
Yesterday, buyers could not overcome the resistance of $0.19. During the day, XRP fell back to support around $0.183, and at the Asian session, the bulls formed a powerful impulse that tested the psychological level of $0.20. Currently, XRP has already reached its local peak and unlikely to go higher as the trading keeps decreasing. Furthermore, the Relative...
On the daily chart, the continued rise after reaching the zone of $9,400-$9,450 is unlikely to happen. First of all, it is confirmed by the declining traidng volume. Besides, Bitcoin (BTC) has been trading in the falling channel since the start of June and one might expect a move to the bottom level of it. In this case, the zone of $8,700 may be a level where...
On the daily time frame, the bearish has almost been fixed, however, the last bullish candel with almost no shadow has confirmed the bulls' pressure. In addition, the trading volume is not declining which means that sellers are running out of steam. All in all, the sideways trading keeps dominating within the range of $0.1870-$0.1970.
On the bigger time frame, the growth potential remains despite the lowering heights. The bullish trend since March 2020 has not been broken so far which means bulls may still update local peaks. Such a statement is confirmed by the rising channel since the end of June. If bulls keep pushing the altcoin higher, traders might expect Ethereum (ETH) trading around...