Bitcoin (BTC) has created a bearish engulfing candlestick and reached a low of $33,125.
Ethereum (ETH) has been growing since June 22 and is approaching the $2,725 resistance space.
XRP (XRP) has damaged out from a descending resistance line however has but to provoke an upward motion.
Kava.io (KAVA) and Enjin Coin (ENJ) have damaged out from long-term descending resistance traces.
Monero (XMR) has bounced on the $195 horizontal assist space however didn’t provoke additional upward motion.
Curve DAO Token (CRV) is buying and selling inside an ascending wedge.
BTC created a bearish engulfing candlestick and fell sharply on July 5. Whereas it reached a low of $33,125, it bounced instantly afterwards.
Regardless of the bounce, technical indicators are nonetheless bearish. The MACD has created a decrease momentum bar and is near giving a bearish reversal sign. The RSI can be under 50.
Nonetheless, the Stochastic oscillator has made a bullish cross.
The closest resistance and assist ranges are discovered at $40,550 and $31,400.
ETH has been transferring upwards since June 22.
Whereas it fell sharply, it has rebounded significantly and is within the course of of making a bullish engulfing candlestick.
Technical indicators are bullish.
The MACD is transferring upwards and is almost optimistic, the RSI has crossed above 50, and the Stochastic oscillator has made a bullish cross.
The closest resistance is discovered at $2,725 (0.382 Fib retracement resistance stage).
XRP had been following a descending resistance line since Might 19. After 5 unsuccessful breakout makes an attempt (pink icon), it was lastly profitable in transferring above the road on June 30.
On July 1, it returned and validated the road as assist (inexperienced icon). Nonetheless, it has but to provoke a considerable upward motion.
The closest resistance space is discovered at $0.97 (0.382 Fib retracement resistance stage).
KAVA had been following a descending resistance line since April 6 after reaching an all-time excessive worth of $8.16. Just like XRP, it broke out after 5 unsuccessful makes an attempt (pink icons).
The closest resistance ranges are discovered at $5.60 and $6.85, each being horizontal areas.
Technical indicators within the day by day time frame are nonetheless bullish, however there’s a potential bearish divergence that’s rising within the RSI.
XMR has been following a descending resistance line since Might 18.
All through this era, XMR has bounced on the $195 horizontal assist space 5 instances, most just lately on June 26.
Nonetheless, XMR nonetheless hasn’t been capable of attain the descending resistance line. Till it breaks out from this line, the pattern can’t be thought of bullish.
Technical indicators additionally present a comparatively impartial outlook.
Just like XRP, ENJ had been following a descending resistance line since Might 26. It managed to interrupt out on June 30 and validated the realm as assist shortly afterwards.
The breakout was preceded by a double backside sample between Might 23-June 23. The sample was additionally mixed with bullish divergences within the MACD, RSI, and Stochastic oscillator.
The closest resistance space is discovered at $1.98 (0.382 Fib retracement resistance stage).
CRV has been transferring upwards since Might 23. The upward motion appears like a accomplished bullish impulse, whereas the lower appears like an A-B-C corrective construction.
On June 22, CRV created one other larger low and commenced to maneuver upward as soon as once more.
Nonetheless, it has been growing inside an ascending wedge, which is often thought of a bearish reversal sample.
As well as, it’s buying and selling at a confluence of resistance ranges, shaped by the resistance line of the wedge, 0.5 Fib retracement resistance stage, and a horizontal resistance space.