Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 06

The failure of the RSI to rise above the 50 levels also adds to the negative sentiment.

We shall turn bullish after price rises above the 20-day EMA. Until then, we suggest traders to remain on the sidelines.

The traders can buy once price reaches $630, with a stop below $570. The target objective of this trade is a rally to $745. There is a minor resistance at the 50-day SMA but we expect it to be crossed.

On the downside, it has strong support at $115, and below that at $107 levels.

ADA/USDCardano has been trading near the $0.23 levels for the past three days but has not triggered our recommendation to buy on a close above $0.23.The moving averages have flattened out, which points to a range-bound action in the short-term.

Even if the $0.23 level is crossed, the ADA/USD pair might again face resistance at $0.263 and $0.286 levels.

On the downside, the support is at $0.17 levels.

The only small positive is that it has not given up much ground after returning from the 20-day EMA on June 04.We suggest to hold the long positions that triggered on June 03 but the stops should be trailed higher to just under $0.27 because the 50-day SMA is flat and the 20-day EMA is turning down, which is a bearish indication.

If the XLM/USD pair breaks out and closes above $0.303, it should move up to the 50-day SMA at $0.346 and above that to $0.38 levels.

IOTA/USDThough IOTA has held above the critical support at $1.63 for the past two days, it is struggling to stay above the 20-day EMA, which shows lack of buying support at the current levels.