Bitcoin,Ethereum,Ripple,Litecoin,Dash :-Technical Analysis for june 2017
The total market value is at $104 billion after the rebound, with Bitcoin share down to just 37%,an incredibly share down to just 37%,an incredibly low number compared to even a few month ago. Ethereum gained ground today during the rebound and it is now 20% below BTC's market cap.The short term trend is still negative for t8he segment,so traders should still wait before jumping back in with full positions.
1.BITCOIN
during yesterday leg of correction and it is still almost 13% below its all time high at $3000. BTC look bearish compared to ethereum, Dash, with the $2450 level and the short term trend line at $2500 providing resistance. Short term trader should avoid bitcoin until the trend turns higher again.
2.ETHEREUM
Ethereum is also in a short-term downtrend against the USD below $350 level, but the technical picture looks way healthier, and the BTC pair is still well within its strong uptrend. The coin bounced off exactly from $250-$270 target zone,gaining more than 20% since yesterday's bottom. ethereum is likely to outperform Bitcoin, even if the correction has more fuel in the coming days.
3.RIPPLE
Ripple continued its gruelling consolidation during the correction,falling below the 0.22 support and testing the 0.20 level in the process. The coin failed to give a long term buy signal against the USD and BTC, so far, and the coin is still a hold at best $0.25 level, while the BTC pair also need to hold above the 0.00011 level to confirm relative strength.
4.Litecoin
Litecoin quickly recovered to the key $30 level once again, proving its relative strength against bitcoin, and strong support below the current price. We will definately see a powerful uptrend this week . [powerful buy signal indicated by the graph
5.Dash
Dash showed strength once again yesterday, as it recovered above prior high near $150 following the spike back in the recent narrow consolidation range, providing a good long term entry point. The downtrend is still intact below the key $166 level, but the coin remains among the strongest technically.....
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source: hacked.com