Price Analysis 06/09: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM

If the price breaks out and sustains above 20-day EMA, it will be the first sign that the downtrend is over.

Our bullish view will be negated if the pair turns down from 20-day EMA and dives below $163.755.

A breakout of the 20-day EMA will signal a probable change in trend because bulls have not been able to sustain above it since June 27.However, if the XRP/USD pair turns down from current levels or the 20-day EMA and plunges below the $0.24508-$0.225 support zone, it can correct to $0.19.

BCH/USD. Bitcoin Cash has been trading close to the 20-day EMA for the past three days.

If the price rises above the 20-day EMA, it will be the first indication that buyers are back in the game.

If the price turns down either from the 20-day EMA or from the downtrend line, bears will try to sink it to the next support of $58. A breakdown of this level can drag the price to $49.3305, which is the 78.6% Fibonacci retracement of the rally.

BNB/USD. Binance Coin is attempting a pullback, which is likely to face resistance at the 20-day EMA and above it at the 50-day SMA. If the price turns down from the 20-day EMA, bears will attempt to sink it to $18.30.

Conversely, a break above the 20-day EMA can carry the BNB/USD pair to the 50-day SMA, which is an important resistance.

Above the 20-day EMA, the EOS/USD pair can move up to $4.8719.

The pullback might face resistance close to $90 but once the XMR/USD pair breaks out of the resistance line of the symmetrical triangle, it is likely to pick up momentum and rally to $120. We are positive and will recommend a long position after watching the price action for the next couple of days.