Bitcoin (BTC) bounced off the horizontal support area of ​​$ 31,400, while Ethereum (ETH) bounced off the support area of ​​$ 2,000.

XRP (XRP) has recovered from the support line of the descending parallel channel. It has not yet regained any important horizontal resistance levels.

Monero (XMR) has broken under a symmetrical triangle pattern.

Kava.io (KAVA) tries to break out via the descending parallel channel.

Ethereum Classic (ETC) has broken above the descending resistance line.

Waves (WAVES) has ricocheted off the long-term ascending support line.

BTC

BTC has been up since June 22nd. At that point, it hit a low of $ 28,805 and rebounded, creating a long wick underneath. The move helped him regain the $ 31,400 horizontal support area.

While the rally preceded the significant bullish divergence of the MACD, RSI and the stochastic oscillator, all three indicators are in negative territory.

In addition, the wave number can still decrease.

The main resistance area is at $ 40,570.

BTC / USDT daily chart | Source: TradingView

ETH

ETH has been trading above the $ 2,000 horizontal support area since early April. It fell below that level on June 22-26, hitting a low of $ 1,700.

Since then, however, it has found horizontal support again, so that the previous downward movement has only one deviation (red circle).

Although the rally preceded the MACD’s bullish divergence, the technical indicators have not yet turned bullish. The RSI is still below 50 and the Stochastic oscillator has not yet formed a bullish cross. These must occur for the trend to be viewed as bullish.

The next resistance areas are at $ 3,030 and $ 3,350. Those targets are the 0.5-0.618 fib retracement resistance levels.

ETH / USDT daily chart | Source: TradingView

XRP

XRP has coincided with a descending parallel channel since April 14th. It hit the channel’s support line for the third time on June 22nd and ricocheted shortly after (green icon). This level also coincides with the horizontal support area at $ 0.58.

Technical indicators are still not up. Despite the bullish divergence in the MACD, the stochastic oscillator has not yet produced a bullish cross and the RSI remains below 50.

The next resistance is at $ 0.80.

XRP / USDT daily chart | Source: TradingView

XMR

XMR has been moving in a symmetrical triangle since impact on May 19.

However, on June 21, it broke below the pattern and continued to find support in the $ 190 horizontal support area.

Despite the ongoing recovery, technical indicators are falling. The stochastic oscillator has created a bearish cross (red symbol), the MACD is in negative territory and the RSI is below 50.

The next resistance is at $ 240.

Daily XMR / USDT Chart | Source: TradingView

KAVA

KAVA has been falling into a descending parallel channel since April 26th. It started its current uptrend on May 23rd (green symbol) and has now reached the resistance level of the channel. This is the fourth time (red symbols).

Technical indicators are increasing, which supports the possibility of a KAVA outbreak.

If a breakout occurs, the price can rise to the next resistance at $ 7.25.

Daily KAVA / USDT Chart | Source: TradingView

ETC

On June 22nd, ETC hit a low of $ 32.11, creating a pattern that looks like a double bottom. Shortly thereafter, it broke out above a descending line of resistance.

A local high of $ 62.67 has been reached so far.

The technical indicators are rising and support the continuation of the uptrend.

The closest resistance is at $ 80.

ETC / USDT daily chart | Source: TradingView

WAVES

WAVES has been trading above the rising support line since the beginning of the year. So far the price has bounced off that line many times.

The price appeared to have fallen below on June 23, but the bulls’ purchase of the dip at the lower levels helped the price regain it shortly thereafter.

Technical indicators provide some bullish signs, such as a bullish divergence in the MACD. However, that alone is not enough to confirm a bullish reversal.

The next resistance is at $ 23.20.

Daily WAVES / USDT chart | Source: TradingView

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN_Nour

According to Beincrypto

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