Todd Gordon, founder of TradingAnalysis.com, believes that the short-term pain is still not yet over, but he expects Bitcoin to rally above $10,000 by 2019.Brian Kelly, founder and CEO of BKCM LLC, told CNBC that Bitcoin is 'not dead' and urged the investors to look at the long-term prospects of the cryptocurrencies while investing.
BTC/USDThe bears succeeded in breaking below the $6,000 levels on June 24 they could not sustain those levels.
Bitcoin quickly rallied from the intraday lows and closed above the $6,075 levels.
ETH/USDEthereum dropped to a low of $421 on June 24, but the bulls managed to pull back and close above $450 levels.
The digital currency should gain momentum once it breaks out of the 20-day EMA. Therefore, we suggest a long position on a breakout and close above the 20-day EMA. The SL can be kept at $420.Our bullish view will be invalidated if the bears break down of $420. In this case, Ethereum might slide to $358 levels.
BCH/USDBitcoin Cash broke below the critical support at $736.0137 in intraday trading on June 24 but managed to close above it.
The trend had changed when the price broke out and sustained above the 20-day EMA.Therefore, we'd better wait for the bulls to sustain above the 20-day EMA before proposing any trades.
XLM/USDOn June 24, Stellar dipped below the critical support at $0.184 in intraday trading but managed to close above it.
Even in March of this year, the digital currency had broken below the support during intraday trading on a few occasions but always managed to close above $0.184.The first sign of bullishness during the previous fall in March was when the bulls managed to close above the downtrend line and the 20-day EMA. The RSI is in the oversold territory, which increases the probability of a bounce.
IOTA/USDIOTA momentarily broke below the support at $0.9150 on June 24 but quickly recovered and closed above it.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Tron: Price Analysis, June 25
Published on Jun 25, 2018
by Cointele | Published on Coinage
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