Price Analysis 06/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, ADA
Rakesh Upadhyay's original article for cointelegraph.com reduced by 76%
If the price can sustain above $157.50, it will signal that the markets have rejected the lower levels. If the bulls propel the price above $157.50, the next level to watch out for is $173.841 and above it $197.750. The short-term traders can look for buying opportunities after the price sustains above $157.50.Conversely, if the bulls fail to propel the price above $157.50, the ETH/USD pair will consolidate between $131.484 and $157.50 for a few more days.
We might suggest long positions after the price sustains above $0.24508. As the risk to reward ratio looks attractive, the traders can initiate long positions on a close above $227.01 and keep a stop loss of $192.Contrary to our assumption, if the bears sink the price below $192.50, it will indicate distribution in the range. If the bulls do not push the price back above $0.056 within the next few days, the possibility of a drop to $0.051014 increases.
If the bulls quickly push the price above $0.056, it will indicate that buyers are making a comeback.
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CN [too long; didn’t read]
Summarised crypto news.