The $282 resistance and $250 support levels represent important points when analyzing ETH. A break above resistance could take this cryptocurrency up to $350, while a break below support could take it down to around $190. Ethereum was trading within a $30 no-trade zone between $264 and $234 for eleven days.
XRP. The trading range between $0.4 and $0.37 where XRP had been trading last week was broken to the upside and was immediately noticed by DonAlt, a cryptocurrency analyst.
If the volume continues to pick up, XRP could rise up to $0.52 to reach the final target given by the flag.
XRP could retrace to the middle line of the channel, which sits around $0.37, or it could move above the channel.
An ascending parallel channel has formed on bitcoin cash's 3-day chart since the middle of March.
Bitcoin cash has broken out of the $60 trading range between $420 and $360 where it was sitting for two weeks.
EOS. EOS has recently moved up to the number five spot in market capitalization pushing litecoin down as it prepares for an announcement in June, which according to Dan Larimer, the lead programmer of EOS, will be the "Biggest news since EOSIO.".
If the correction does not come and EOS breaks above the channel, it could create enough bullish momentum for a significant move up.
LTC is currently sitting inside an ascending parallel channel just above the middle line and it could continue to rise to the top around $150. However, if it happens to move below the middle line, this crypto could go down to the bottom of the ascending parallel channel around $95 based on the 3-day chart.
On the 12-hour chart, it can be seen how litecoin has been trading above the 50 moving average since the beginning of the year.
Altcoins rise as Bitcoin consolidates: Ethereum, XRP, Bitcoin Cash, EOS, Litecoin analysis
gepubliceerd op May 30, 2019
by Cryptoslate | gepubliceerd op Coinage
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