We had recommended buying the leading cryptocurrency on a sharp fall below $7,000 in our previous analysis, but the bulls held on to the $7,100 levels on May 28 and May 29.The current rebound will face resistance at the downtrend line and above that at the 20-day EMA, which is at $7,963.
The BTC/USD pair has given a tradeable bounce from close to the 30 levels on the RSI for the past year and a half.
ETH/USDEthereum broke below the support line of the descending channel on May 28, but the bears could not follow up on their selling at lower levels.
If the $0.54 level breaks, a fall to $0.45 is likely.
On the downside, if the $107 level breaks, it will signal the completion of a descending triangle pattern.
Though its pattern targets are way lower, the digital currency can slide to $84 and below that to $75.ADA/USDCardano is showing buying at lower levels.
If the bulls break out of this, the cryptocurrency will gain strength and pick up momentum on crossing above $0.3.We like the way the ADA/USD pair bounced from the oversold levels on the RSI. This shows that bulls are willing to enter at lower levels.
Stellar pulled back sharply from 0.2428 levels on May 29 but is facing selling close to $0.30 levels.
If the bulls can scale above the $0.303 levels, it will indicate the start of a rally to $0.385.
If the XLM/USD pair fails to hold the current levels and breaks down to $0.24, it can slide to the next lower support at $0.184.IOTA/USDAfter a sharp pullback on May 29, IOTA has climbed to the ninth spot, that's why it's way back in our analysis.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, May 30
Published on May 30, 2018
by Cointele | Published on Coinage
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