The value of this pair is at 0.001105 the price fell below the uptrend channel.
On June 10 and 12 bulls bought at a good time during dips expecting bullish momentum. However, there were only sales orders.
If the bears keep dropping the price of crypto # 19 on COINMARKETCAP below the 61.8% fibonacci percentage.
The next support where the price will stop at 0.001047 are good times for short positions.
Another negative point is that the 60 EMA is above the 20 period EMA.
If buyers fail to return to the uptrend channel, chances are high that the price will continue to decline.
Stellar has fallen 19% since June 4 that day was met with resistance of 0.00000896 plus a strong rejection of the bears
But we cannot go unnoticed that pennant pattern that is forming these days. Since at the time of writing this the price of Stellar Lumens is 0.00000744. The price is finding a break because it is at the important support level of 0.00000744
* The main trend will continue to be bearish, but the secondary bullish trend created from March 24 will continue.
Another positive sign would be that the bears could encounter strong opposition from call options as the bulls could support the 0.50% fibonacci level.
A strong negative point as you can see in the image would be that EMAS crossing. If our 60-period EMA is above the EMA 2O, the price will continue to drop, its next stop would be 00000743 followed by 0.00000658
BTC / USD
On June 1 the price reached $ 10,423 USD, managing to break the downtrend line but it was only momentary because the following day a strong rejection to the downside has lowered the price. As of this writing the price is around 9278.81 USD.
As we started this day's session I started with a bearish movement, it all seemed like the price wanted to break the important support level of 9022 USD. But it appears to be still a significant level of support for buyers who seem to be holding on to the lower price.
I was very inclined that the price would start with a bull run.
But today the price is below that symmetrical triangle, on June 12 and 13 the bulls tried it but there were more sales orders
Another negative sign is that the DEMA of 60 crossed above the THEME of 20
Despite this, our secondary trend is bullish, it is still in effect, the price movements of today are showing.
If the bears manage to break the support level the next stop would be at 7949 USD
If the bears dominate because of the confidence that the support level gives us, we could go back to $ 10423 USD
XTZ / BTC
From June 4 to today June 15 the price has dropped by 16% which represents a great opportunity
As we can see in the image, we are in a symmetrical triangle, which indicates that it is a good moment of opportunities for bullish continuity.
On June 11, the price met the secondary bullish trend. However, the bullish momentum expected on June 12 did not have as much force, it only lasted on June 12 and 13 but with very little volume of bulls the following days. Today June 15 sell orders continue to dominate in XTZ / BTC now the price 0.00027350 is below the bullish trend line
Great opportunities to open short positions to take advantage of this bearish movement since the next stop if the bearish movements continue would be 0.00025078
But if the symmetrical triangle acts in favor of an upward movement, we would resume the upward trend, reaching 0.00030931 easily.
Great opportunities will present in the following days
thanks for reading have a great day 🤗
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