Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRX: Price Analysis, June 27

Veröffentlicht auf by Cointele | Veröffentlicht auf

BTC/USDThough Bitcoin has been trading above the $6,075 levels for the past two days, the failure of the bulls to ensure a strong bounce at this critical support shows weakness.

ETH/USDEthereum has convincingly broken below the support at $450. It can now slide to the next support level at $358.The ETH/USD pair will show signs of a change in trend if it breaks out and closes above the downtrend line and the 20-day EMA.We suggest waiting for at least two positive closes above the 20-day EMA before attempting any long positions.

BCH/USDBitcoin Cash broke down and closed below the critical support at $736.0137 on June 26.

EOS/USDWe anticipate EOS to slide to the $5.9610 once it breaks below the June 24 lows of $6.8926.

Currently, the bulls are attempting a pullback, which will face selling at the downtrend line 2.If the bulls succeed in sustaining above the downtrend line 2, a pullback to $10.3384 is possible.

The RSI is deeply oversold; hence, we believe that Litecoin will pull back to the downtrend line.

If the LTC/USD pair fails to break out of the downtrend line, the probability of a breakdown towards the next support at $67 increase.

ADA/USDCardano broke down and closed below the critical support at $0.13 on June 26.

The ADA/USD pair will face a stiff resistance at the 20-day EMA.Hence, we suggest traders to wait until the price breaks out of $0.182 for initiating any long positions.

The bears are capping all pullbacks close to $1.07.A break down of the $0.9150 levels can sink the IOTA/USD pair to the next support at $0.666.The first sign of strength will be when the bulls break out of the 20-day EMA and the downtrend line.

x