Currently, the bulls are attempting to hold the price above $8,000.
ETH/USDEthereum spiked on May 30 and reached the overhead resistance zone of $300-$322. As expected, it quickly turned around and plunged to the 20-day EMA. The bulls are currently attempting to hold the price above the 20-day EMA. If successful, another rise to the overhead resistance zone is probable.
If successful, we might see another attempt to push the price above the overhead resistance zone and towards the target objective of $0.60.On the other hand, if the XRP/USD pair plummets below the 20-day EMA, it can dip to the $0.37835-$0.35660 support zone.
Currently, the bulls have again pushed the price above the channel.
Currently, the cryptocurrency is attempting to stay above the 20-day EMA. If the price rebounds from the 20-day EMA, a rally to the resistance line is probable.
If the momentum carries the digital currency above the resistance line, the up move can reach $40 and above it $46.1645899.
On the downside, the bulls are attempting to defend the 20-day EMA. Both the moving averages are flattening out and the RSI is just above the midpoint, which points to a consolidation in the short term.
Traders can wait for a close above $0.14861760 to initiate the trade as suggested in our earlier analysis.
ADA/USDCardano broke above the overhead resistance of $0.094256 on May 30 but quickly gave up its gains and dipped back to the 20-day EMA. As the price did not close above the overhead resistance, it did not trigger our buy suggested in an earlier analysis.
The bulls are trying to keep the ADA/USD pair above the moving averages.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Binance Coin, Bitcoin SV, Stellar, Cardano: Price Analysis May 31
gepubliceerd op May 31, 2019
by Cointele | gepubliceerd op Coinage
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