Price Analysis 24/06: BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, TRX, ADA
Rakesh Upadhyay's original article for cointelegraph.com reduced by 57%
On a bounce off the 20-day EMA, we anticipate the bulls to again try to propel the price towards its target objective of $12,000. If the price rebounds off this support, the bulls will again try to propel the price to $0.57259 and above it to $0.6250. If the price rebounds off this support, the bulls will again try to push it towards its target objective of $158.91 and above it $184.7949.If the bulls fail to defend the support, the LTC/USD pair will re-enter the channel.
If the bulls fail to defend the support line of the channel, the trend will turn negative and the price can plunge to $4.4930.BNB/USDBinance Coin has been consolidating near the highs for the past few days. Traders can protect their long positions with a stop loss placed just below the 20-day EMA. The trend will turn bearish on a breakdown of $28.BSV/USDThe bulls have held the price of Bitcoin SV close to the highs, which is a positive sign.
The bears have not even been able to drag the price to the 20-day EMA. Both the moving averages are sloping up and the RSI is close to the overbought zone, which shows that bulls clearly have the advantage. If the price rebounds from the uptrend line and breaks out of $255.620, it will resume the up move that has a price target of $307.789 and above it $340.248.
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CN [too long; didn’t read]
Summarised crypto news.