XRP is the biggest looser from our list. The coin has lost much more than Bitcoin (BTC) and Ethereum (ETH) over the last day, while the decline over the last week has made up 4.81%. XRP has been falling since April 30 when the crypto made a false breakout of the $0.3250 level. After that, the trading volume keeps sharply declining as well as the rate of XRP. In...
On the daily chart, the decline is also a more likely scenario as Bitcoin (BTC) needs to accumulate power to continue the bullish trend. In this regard, the 78.6% level ($8,600) of the Fibonacci retracement is of high importance. The drop might be stopped there if buyers show efforts.
The technical picture of Binance Coin (BNB) is not so positive as of previous cryptocurrencies. The rate of the native exchange token has lost 6% over the previous week. On the daily chart, the rate of Binance Coin (BNB) has been rising, however, it is not accompanied by the increasing trading volume. Moreover, the volume has started to decline recently which is...
Ethereum (ETH) has retested the 61.8% level of the Fibonnaci retracement that corresponds to the $213 mark. To hold the ongoing bullish trend, buyers need to face a correction to gain more 'fuel' for the continued growth. In this case, one may expect another decline to the 50% level ($190). It might happen by the end of July 2020.
On the daily chart, the downtrend has not been broken, confirming the lack of bulls' power to keep rising. The trading volume has sharply declined over the last few days which is a bearish signal. In this regard, a further decrease is more probable than the rise with reaching the support level at $0.1840 by July 2020.
On the daily chart, bears have seized the initiative in the long-term perspective. Against the low trading volume, the rate declined which confirms our statement about the trend change. The next crucial support level which bears is going to break is $219. It is unlikely that they will overcome it from the first time as it is a so-called mirror level. Respectively,...
On the weekly chart, Bitcoin (BTC) keeps trading within the narrow ascending channel. The trading volume is slightly going down, however, the liquidity remains at the relatively high level. As one can see the current candle is located above the previous one which means that bears could not seize the initiative in the long-term perspective. To keep rising buyers...
On the daily chart, XRP has formed a large Triangle pattern. It is the figure of the continued trend, suggesting that the downtrend is likely to occur soon. Also, the ongoing rise is not accompanied by the increasing trading volume. If bears break the pattern down, the bearish trend will resume. In this case, the first stop is a retest of a support at $0.18.
On the weekly time frame, Ethereum (ETH) is showing a parabolic rise since March 2020. Currently, it is too early to think of retesting heights of 2020 as the descending channel has not been broken so far. If they current weekly candle closes with a long bottom wick, there is a high probability to see the altcoin at the resistance of $260 by the end of June.
Yesterday, the XRP price calmly consolidated all day right at the two-hour EMA55 level, and at the Asian session, it experienced a shock, falling into the purple downtrend corridor in a matter of minutes. A fairly large deal of bears was held at a price of $0.171. Support of $0.17 limited the bearish momentum and the pair returned to its previous level, in the...
Bitcoin (BTC) is about to finish its bullish trend as the 'fuel' for further growth is running out. Such a statement is confirmed by the declining trading volume and falling heights. If bulls cannot seize the initiative, the next stop is $9,150. In this case, the Triangle pattern will be formed and the bearish trend start.
On the daily time frame, Ethereum (ETH) is forming a big Triangle figure. While it is trading within this pattern, the bullish scenario remains relevant. The only thing that might influent the price rise is the trading volume that is on the same level. If it increases, the resistance which reflects the peak of the Triangle at $290 will be reached in July 2020.
The current candle is going to close with a long wick on the weekly chart that a bearish signal. Overall, it might confirm our previous prediction that the bullish trend started since mid-March is coming to the end. Respectively, bears are not targeting vital support at $9,000. If the first days of the week are bearish, the $9,000 mark will be reached next week.
Litecoin (LTC) is also unlikely to grow in a short-term case. The decrease since yesterday has made up 0.43%. On the daily time frame, the 'digital silver' is forming the Head and Shoulders pattern. In this case, the level of th Right shoulder will be at the mark at 43.25$. The probability of a decline is also supported by the bearish divergence on the RSI...
Yesterday morning, the pullback stopped at the level of psychological support of $0.20. After that, XRP rebounded into the two-hour EMA55 area, and further recovery to the resistance of $0.213 was difficult. The pair moved to consolidation on the POC line, which shifted to the level of $0.204. If today buyers can use the Point Of Control indicator line as support,...
On the bigger chart, Ethereum (ETH) has stopped its sharp growth. At the moment, there are no signals either for the continued rise or the start of the fall. There is no liquidity at the current trading zone, however, the volume remains at the same level. As the more likely forecast, the altcoin may locate in the range between $230 and $245 as it is outlined on...
On the weekly time frame, Bitcoin (BTC) is stuck within the Triangle pattern. This shows the continued trend which means that by the end of the month, there is a high chance to see the main crypto at the resistance around $12,000. However, it may happen only if the trading volume increases.
On the daily chart, the bullish mood is more visible that is supported by the bullish divergence on the RSI indicator. Slowly but surely XRP is approaching the resistance at $0.21 that serves a mirror level. The increasing trading volume is one more reason that confirms the bullish projection. If the trend continues the aforementioned level will be attained by the...