XRP is the main gainer from our list. The altcoin has rocketed by more than 5% over the last day, getting out the consolidation phase. On the 4H time frame, XRP has left the accumulation phase started from the end of June. In addition, the current growth is supported by the increasing trading volume which is a good signal for bulls. However, buyers need more...
On the daily time frame, the scenario is rather bearish than bullish even though the sideways trading continues for the second month so far. There are lowering heights which confirm the absence of buyers' resistance. In case bulls cannot get to $9,500 and fix above it, traders might expect another drop below $9,000, to the $8,700 mark.
According to the weekly chart, Bitcoin (BTC) is about to finish the Wedge pattern formation. It is the figure of the continued trend which means that the price of leading crypto is likely to go up. If that scenario comes true, the closest resistance is $10,500 which bulls may attain by the end of the summer.
On the daily time frame, bulls have become stronger, however, their efforts are now enough yet for the bullish trend revival. Even though the trading volume is slightly going down, buyers have not seized the initiative so far. Respectively, the trading in the yellow range between $0.1750 and $0.18 is the more likely price forecast.
Judging by the price movement, Bitcoin (BTC) still remains in the $8,600 - $10,000 trading corridor that was formed back in May. However, the first cryptocurrency still went beyond the lower border of the upward support line, which indicates the weakness of buyers. The uptrend casts doubt on the fact that on the daily chart the price is already below the moving...
On the daily time frame, the sideways trading continues as there is no dominance by bulls or bears. What is more, the trading volume remains at the same level. In this case, traders might expect Ethereum (ETH) locating in the yellow range between $230 and $240 shortly.
If on the small time frames, the picture is looking bullish, on the daily chart, bears are completely controlling the situation. The bearish divergence has been formed on the RSI indicator. In addition, there are lowering heights which support the sellers' dominance. The more likely scenario is the drop to the $39 mark in the nearest weeks.
On the daily time frame, the volatility is declining against the ongoing price decrease. There is no buyers' resistance as the trading volume remains on the same level. What is more, XRP keeps locating in the falling channel where the next support is $0.1680. If bulls cannot seize the initiative shortly and get to $0.18, it will be attained in the mid-Jule 2020.
According to the daily time frame, the picture is not optimistic for bulls. The volatility is getting lower, as well as, the local peaks. The bearish trend has not fully started so far as Bitcoin (BTC) is still above $8,500. However, the ongoing sideways trading is about to switch to bears' dominance if the leading crypto cannot fix above the $9,500 soon. If that...
On the daily time frame, the situation might improver to a certain extent. XRP has found the local bottom as the RSI indicator is located on the verge of the oversold area. Respectively, traders might expect a rollback to the closest retest zone at $0.1811 soon. The high liquidity level at the zone serves a magnet for XRP.
On the daily chart, the lowering heights mean that the leading altcoin has not found its local support so far. What is more, the bearish divergence on the RSI indicator considers continued drop to $215. The high concentration of liquidity means that bears are likely to retest it shortly.
XRP has shown much better price dynamics than Ethereum (ETH). The price of the coin has dropped by 0.81% over the previous 24 hours. XRP has found its local bottom at $0.1730, followed by a bounce off. As in the case with Ethereum (ETH), the further drop is unlikely to continue as bears have run out of fuel based on the trading volume. However, there is a reason...
The sideways trend also dominates on the weekly chart. However, the upward movement is more likely than the update of local bottoms. The trading volume is medium and bulls buy back each drop caused by sellers. The current bounce back might be another chance for buyers to come closer to $10,000. Furthermore, the liquidity is high at that level.
Binance Coin (BNB) has lost 0.35% over the last day against Bitcoin (BTC), however, it still has growth potential. Binance Coin (BNB) has rested the support at 0.0017, followed by a bounce off. However, this rise is unlikely to continue as there was no volume support. In this regard, the sideways trading is more likely as neither bulls nor bears are controlling...
On the daily time frame, nothing crucial has been changed so far. There are lowering heights on the daily chart, confirming the sellers' pressure. In this case, next important area where bulls might resist is $0.17. It might be attained by the end of the current month. If bears break it, the next stop is the $0.15 mark.
On the bigger time frame, the trading volume is at the relative high level, however, it is mostly dominated by sellers which means that Bitcoin (BTC) is likely to trade below the $9,000 in the mid-summer.
On the 4H chart, the potential for the formation of the head and shoulders reversal pattern is visible. The completion of the formation of the right shoulder of the model can be expected at $46. Already from it, the asset can show a strong drop to the level of $38 and below. An additional signal in favor of the described option will be a test of the resistance...
The daily chart shows that nothing has changed so far - bears are getting stronger with every drop. The lines of the Bollinger Bands indicator are going down which means that bears are not going to give bulls the initiative. The trading volume keeps also slowly decreasing. After the ongoing bounce off finishes, XRP might go to the next support located near the...