38 on July 9 and slipped below the 20-day EMA. If the current fall is stopped above the $6,250 mark, the probability of an inverse head and shoulders pattern forming will increase.
The XRP/USD pair will show signs of a turnaround once it sustains above $0.56.
BCH/USD Bitcoin Cash has turned down after failing to break out of the 20-day EMA. It is currently taking support close to the $700 levels.
On the upside, the BCH/USD pair will gain strength above the 20-day EMA. However, we shall turn positive only after the bulls sustain above $850 for 4 hours.
On the upside, the digital currency will gain strength if it breaks out and sustains above the 20-day EMA and the downtrend line.
ADA/USD After the bulls failed to scale above the 20-day EMA on Cardano for seven days, it's now the turn of bears to try and break below the support zone of $0.111843 - $0.13.
If the bulls defend the support zone, the ADA/USD pair will once again attempt to rally above the 20-day EMA. We shall turn positive only if the price sustains above $0.162 for a couple of days.
XLM/USD The bulls have failed to secure a strong close above the 20-day EMA on Stellar, resulting in a slump back towards the low of $0.184.
We also like the developing positive divergence on the RSI. However, the XLM/USD pair will attract buyers only if it is able to sustain above the intraday highs of July 3.
The first sign of a change in trend will be when the price breaks out and sustains above the 20-day EMA and the downtrend line.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 11
Published on Jul 11, 2018
by Cointele | Published on Coinage
Mentioned in this article
Binance Removing CLOAK, MOD, SALT, SUB, and WINGS: Industry-Wide Delisting Trend
Binance announced today that it will be delisting CLOAK, MOD, SALT, SUB, and WINGS from its trading platform, citing reasons ranging from "Commitment of the team to project" to "Fraudulent conduct." The move comes after the exchange's removal of BCN, CHAT, ICN, and TRIG last October, and may indicate a broader industry trend.
Decentralized Finance Emerges as Banner Topic at Ethereum Denver Conference
Kicking off the annual ethereum hackathon ETHDenver, Aave CEO Stani Kulechov shared an opening address on on "Leaping decentralized finance [into the] mainstream."
Crypto Markets Continue to See Mixed Signals, Dow Jones Up Over 360 Points
Feb. 15 - crypto markets have continued trading sideways after hitting a multi-month high of daily trading volume of more than $36 billion yesterday, according to CoinMarketCap data.
Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, TRON, Stellar, Binance Coin, Bitcoin SV: Price Analysis, February 15
Considering the large target potential, we suggest traders maintain their stops at $100. We might recommend closing the position if the pair turns down and sustains below $116.30.XRP/USDRipple has been finding support close to $0.295 for the past three days, but the bulls are struggling to break out of the downtrend line.