XRP (XRP) has rebounded from the assist line of a descending parallel channel. It has but to reclaim any essential horizontal resistance ranges.
Monero (XMR) has damaged down from a symmetrical triangle sample.
Kava.io (KAVA) is making an attempt to interrupt out from a descending parallel channel.
Ethereum Classic (ETC) has damaged out from a descending resistance line.
Waves (WAVES) has bounced at a long-term ascending assist line.
BTC has been transferring upwards since June 22. Right now it reached a low of $28,805 and bounced, creating an extended decrease wick within the course of. The transfer prompted a reclamation of the $31,400 horizontal assist space.
Whereas the bounce was preceded by vital bullish divergence within the MACD, RSI, and Stochastic oscillator, neither of the symptoms have a bullish studying.
Along with this, it’s attainable that the wave count is still bearish.
The primary resistance space is discovered at $40,570.
ETH has been buying and selling above the $2,000 horizontal assist space for the reason that starting of April. It fell beneath this stage on June 22-26, reaching a low of $1,700 within the course of.
Nevertheless, it has since reclaimed the horizontal assist space, rendering the earlier downward motion only a deviation (pink circle).
Whereas the bounce was preceded by a bullish divergence within the MACD, technical indicators haven’t turned bullish but. The RSI remains to be beneath 50 and the Stochastic oscillator has not made a bullish cross. These should happen for the pattern to be thought of bullish.
The closest resistance areas are discovered at $3,030 and $3,350. These targets are the 0.5-0.618 Fib retracement resistance ranges.
XRP has been reducing alongside a descending parallel channel since April 14. It reached the assist line of the channel for the third time on June 22 and bounced instantly after (inexperienced icon). The extent additionally coincides with the horizontal $0.58 assist space.
Technical indicators aren’t but bullish. Regardless of the bullish divergence within the MACD, the Stochastic oscillator has but to make a bullish cross and the RSI remains to be beneath 50.
The subsequent closest resistance space is at $0.80.
XMR has been rising inside a symmetrical triangle since bouncing on Might 19.
Nevertheless, it broke down from the sample on June 21 and proceeded to search out assist on the $190 horizontal assist space.
Regardless of the continued bounce, technical indicators are bearish. The Stochastic oscillator has made a bearish cross (pink icon), the MACD is destructive, and the RSI is beneath 50.
The closest resistance space is discovered at $240.
KAVA has been reducing inside a descending parallel channel since April 26. It started the present upward motion on Might 23 (inexperienced icon) and has now reached the resistance line of the channel. That is the fourth time it has carried out so (pink icons).
Technical indicators are bullish, supporting the likelihood that KAVA will get away.
If a breakout happens, the worth might enhance all the way in which to the subsequent resistance at $7.25.
On June 22, ETC reached a low of $32.11, creating what appears to be like like a double backside sample. Shortly after, it broke out from a descending resistance line.
To this point, it has managed to achieve an area excessive of $62.67.
Technical indicators are bullish, supporting the continuation of the upward motion.
The subsequent closest resistance space is discovered at $80.
WAVES has been buying and selling above an ascending assist line for the reason that starting of Might. To this point, it has bounced 3 times above it.
On June 23, it appeared to have damaged down however reclaimed the road shortly after.
Technical indicators are offering some bullish indicators, such because the bullish divergence within the MACD. Nevertheless, this alone isn’t sufficient to substantiate the reversal.
The closest resistance space is at $23.20.
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