If the bulls push the price above the 20-day EMA, a rally to $9,000 is probable.
Short-term traders can wait for the pair to break out and sustain above the 20-day EMA for about 4 hours before buying with a stop loss of $220. The target is to book profits near the top of the range.
Our bearish view will be invalidated if the XRP/USD pair rises and sustains above the trendline of the symmetrical triangle.
If this level is crossed, the next level to watch is $184.7940.If the bulls fail to push the price above the channel, the LTC/USD pair might continue to move up inside the channel.
The short-term trend has weakened as the price has stayed below the 20-day EMA for the past 6 days and the RSI has also fallen below 50.
Short-term traders can buy if the price sustains above $33 for four hours.
If the bulls push the price above the 20-day EMA, the cryptocurrency might trade inside the $0.11507853-$0.14861760 range for a few days.
The bulls have been attempting to keep the price above the 50-day SMA for the past few days.
If the bulls push the price above the 20-day EMA, the ADA/USD pair might move up to $0.10.
We might suggest long positions after the price sustains above $0.10.
BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, XLM, ADA: Price Analysis 10/06
Published on Jun 10, 2019
by Cointele | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.