Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 22

Published on by Cointele | Published on

ETH/USDEthereum did not reach the buy levels suggested by us in the previous analysis.

If the bears break below the $450 levels, the next major support lies at $358.As prices have turned down from the 20-day EMA on the previous two occasions, we shall wait for the bulls to scale this level before suggesting any long position.

A break of the $0.45351 levels on a closing basis will be a negative development because the next support is way lower at $0.24.

If the bulls successfully defend the critical support level, the XRP/USD pair might again attempt to rebound above $0.56270.

Today, prices have broken down of the 78.6 percent Fibonacci retracement levels.

LTC/USDAfter failing to find any buying momentum in the past three days, Litecoin has resumed its downtrend, towards its next support level at $84.708.

The first sign of a change in trend will be when the bulls sustain above $108 levels.

ADA/USDAfter remaining range bound for the past week, Cardano has resumed its move towards the next support at $0.13.A break of $0.13 on a closing basis will be negative and can sink the ADA/USD pair to $0.078215 levels.

We expect the bulls to defend the $0.184 levels aggressively, but the XLM/USD pair will gather momentum only after it scales above the 20-day EMA and the downtrend line.

IOTA/USDAfter failing to move up in the past two days, IOTA has broken below the June 18 intraday lows, which increases the likelihood of a drop to the major support at $0.9150.The RSI is near the oversold levels, which increases the possibility of a rebound.

x