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
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