Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, 08 JuniANALISIS PRICE

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, 01 JuneANALISIS PRICE
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Market data is provided by HitBTC exchange.

Crypto world market capitalization has increased by about $ 25 billion since May 29. Italy's political crisis and the possibility of a trade warfare have attracted investors back into the crypto currency.

And Morehead, Pantera Capital Management founder believes that Bitcoin has hit its lowest point for the year. He proposes to buy now when prices are still low, to benefit from the next rally in the next few months. We have been voicing the same opinion over the last few days, but we believe that purchases must reel to take advantage of volatility.

Bitcoin continues to be the undisputed leader. This regulates the direction followed by most altcoins. Brad Garlinghouse, CEO of Ripple believes that once the crypto market matures, they will begin to differentiate between digital currencies and the correlation with Bitcoin will be reduced. He, however, warned that 99 percent of the circulating virtual currency would be vanish in about a decade. Only people who solve real problems will remain.

There are some complaints that we did not mention the basics in our analysis. In technical analysis, we believe that discount diagrams are all fundamental news. Therefore, we just read the pattern on the chart and try to estimate the direction direction. In recent months, these patterns keep us on the right side of the trade and have helped us avoid big losses. We try to avoid trading during big events, because of uncertainty.

Let's see what direction the chart shows today.

BTC / USD
We believe that Bitcoin is trading in a large range of $ 6,075.04 to $ 12,172.43. The strategy for trading such a large range is to buy near the bottom and sell close to the top. So we have been waiting to buy at a sharp drop below $ 7,000, as close to the bottom of the range as possible, so our risk is less. If the $ 6.075.04 level breaks, the digital currency may fall to $ 5,450.
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BTC / USD

The BTC / USD pair is currently facing resistance in the downtrend line. Even if this level is crossed, it will again face resistance near the 20-day EMA. Once this level is crossed, moving to a 50-day high school is possible.

We maintain our preference for buying on sharp declines but only after falling captured. Therefore, we recommend waiting several days to get better clarity.

ETH / USD
Ethereum has gradually increased, moving towards a 20-day EMA where it will face stiff resistance. Just above the 20 day EMA is the resistance line of the descending channel and the 50-day SMA, which will also act as a major hurdle.

ETH / USD

On the downside, the May 28 low intraday low at $ 492.5 will act as a strong support. If this level holds, we will consider the buy position but if the level breaks, a decline to $ 464.65 is possible.

We do not find purchase arrangements at current levels, therefore, we do not propose any trade on ETH / USD partners.

XRP / USD
Ripple formed a candlestick doji pattern on May 31. Today too, digital currencies are on track to form doji. This shows uncertainty among traders.

XRP / USD

The XRP / USD pair fell below the 20-day EMA on May 8 and has continued to stay below that since then. If the next decline stays above $ 0.54, it will indicate a purchase at a lower level. We recommend awaiting this retest before buying on a rebound above the 20-day EMA.

If the bear breaks below $ 0.54, the decline may extend to $ 0.45.

BCH / USD
Bitcoin Cash has not been able to find a buyer after rising above the downtrend line. It formed a doji on May 30, following it on May 31 and is likely to make another doji today.

BCH / USD

The BCH / USD pair has a tendency to trade within a tight range for several days before making a decisive move.

On the upside, the 20-day EMA will act as resistance, on top of it's rally to a possible 50-day SMA.

On the downside, $ 878 and $ 750 are support to watch out for. We recommend a wait price to maintain above 20 days EMA to start buy position.

EOS / USD
EOS has an event be...

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