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

Published on by Cointele | Published on

Mentioned in this article
Bitcoin
65,089.69
USD
+2,960.81
+4.549 %
Ethereum
3,105.86
USD
+80.77
+2.601 %
Cardano
0.47
USD
+0.03
+5.868 %
TRON
0.11
USD
+0.00
+0.951 %
Bitcoin Cash
482.21
USD
+2.39
+0.495 %
Litecoin
81.50
USD
+0.79
+0.972 %
Stellar
0.11
USD
+0.00
+3.239 %
ETH/USD Though Ethereum dipped below the support of $404.99 several times over the past three days, it always managed to close above it.

XRP/USD Ripple has successfully held on to the support at $0.4242 for the past six days.

BCH/USD Bitcoin Cash broke down of the trendline on August 4 and failed to climb back above it on August 5.

LTC/USD Litecoin broke down of the range and the critical support at $74.074 on August 4, but quickly bounced back into the range on the next day.

ADA/USD Cardano found some buying support close to $0.12 on August 4, but the bulls have failed to sustain above the $0.13 line.

XLM/USD Stellar has been taking support at the 50-day SMA for the past two days.

If the support breaks, the next support on the downside is $0.184.

While the bulls bought into the dip on August 3, the bears defended the 20-day EMA and pushed the prices back below the support on August 4.

On August 5, IOTA closed right at the support after a large range day.

TRX/USD Tron has been trying to hold the support at $0.0281344 for the past two days it has not been able to bounce back sharply.

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