We anticipate the ETH/USD pair to face a stiff resistance at $322. Conversely, if the pair slips below the 20-day EMA, it can drop to $225.39, which is a critical support.
The moving averages are sloping up, which is a positive sign, but a failure to scale above the resistance zone is likely to attract profit booking that can drag the price back towards the 20-day EMA. If this support also breaks down, the XRP/USD pair can plunge to $0.37835.
BCH/USDThe trend in Bitcoin Cash is bullish as it is still trading inside the ascending channel and above its 20-day EMA. However, the 20-day EMA is flattening out and the RSI has formed a negative divergence, which suggests that momentum is waning.
If the BCH/USD pair dips below the 20-day EMA, it can slide to the 50-day SMA. Contrary to our assumption, if it rebounds sharply from the 20-day EMA and breaks out of the channel, it will indicate strength.
The price turned down from $8.6503 and corrected to the 20-day EMA. We expect buyers to step in and support the digital currency at the 20-day EMA and below it at $6.8299.A breakdown of $6.8299 will indicate a loss of momentum and a deeper fall to the 50-day SMA. On the contrary, if the EOS/USD pair rebounds from the support zone, it can move up to $9 and above it to $9.60.
BNB/USDBinance Coin has been consolidating near the 20-day EMA for the past four days.
If the price slips below the 20-day EMA, it can decline to the 50-day SMA. As both the moving averages are sloping up and the RSI is in positive territory, the bulls still have the advantage.
If the XLM/USD pair breaks down of the 20-day EMA, it can fall to the 50-day SMA, which is likely to act as a strong support.
If the ADA/USD pair bounces off the 20-day EMA and breaks out of $0.04156575, it will move towards the next target of $0.050.
Conversely, if the price breaks down of the 20-day EMA, it can dip to the breakout level of $0.02815521.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Bitcoin SV, Stellar, Tron: Price Analysis June 3
Publicado en Jun 3, 2019
by Cointele | Publicado en Coinage
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