ETH / USD
The price of ETHEREUM is in a secondary bullish trend at the resistance level of 244.35 USD. The price had a downward pullback, this indicates that we are in a healthy bullish secondary trend as it presents symmetric movements.
* TEMA 20 in recent days has crossed below DEMA 60, in addition the price is below the moving averages
* If we rely on the Fibonacci retracement, the price has used the 0.23% level as support
If the bears manage to break that support and find no opposition from the bulls, the downtrend would continue, so the price could go up to the next support, which is at $ 197.
In another scenario if the bulls volume increases and the 0.23% fibonacci level continues to persist as support, the bulls would have a high probability of pushing the price above the $ 244 resistance line, continuing to the next resistance level. located at 268 USD
Ok as far as cardano is concerned for approximately 3 months the price of ADA has remained in a secondary bullish trend as of this writing the price of ADA is 0.07952 USD, on June 15 the price met the support level 0.23 Fibonnacci retracement%, taking price above resistance at 0.07945 USD
* TEMA 20 is above DEMA 60 but they are getting closer to each other which could lead to an EMAS crossing
If the bears manage to break the current support line and do not find strong opposition from the bulls, the price could drop to 0.07685 forming a slight pullback to continue the bullish momentum.
But if the bulls maintain their position and take advantage of the current support line, the price of cardano would have a high probability of rising even more in the following days, reaching 0.08956
Remember to trade when you have a wide margin of probability in your favor and do not forget to make decisions with a cool head, but if you do not have an established methodology and good risk management, practically you would be betting
XMR / USD
The price of MONERO is currently 65,351 USD, it must be taken into account that during May and June the price has oscillated between the support level of 69.53 USD and the resistance level of 59 USD, the price is before a laterality which is positive because the next move would be with a large volume margin.
But we must not forget that the main trend continues to be bearish.
We also have a moving average crossover in this case TEMA 20 crossed below DEMA 60
On May 9 the price used the hot level of 0.38% of the Fibonacci retracement, this would be a positive sign for the shareholders since if the momentum of the secondary trend persists the price has probabilities of pushing the price above the line of support of 69.53 USD and later find a stop at 79 USD
But if the opposite is true and the bears dominate the bulls the price could return to the previous support of 59 USD to continue the bearish momentum.
Monero will undoubtedly give a lot to talk about in the following days
LEO / USD
The 15th cryptocurrency on CoinMarketCap shifted to the downside and succumbed to the profit reserve between June 13-16. However, the upside is that the bulls bought the drop below the 60-day DEMA ($ 1,149).
This suggests that the sentiment is to buy the falls, but the bears are unwilling to give up without a fight. They are aggressively defending the resistance level of $ 1,252
The value of UNUS SED LEO has increased 56% this year
TEMA 20 crossed below DEMA 60 in the last 7 days, the price is below the moving averages
There is likely to be a slight price correction declining to $ 1.1545 where it would be in the hot zone of 0.38% of the Fibonacci retracement if this happens it would be a great sight for the bulls
Great opportunities will be presented to all of us in the following days
thanks for reading have a great day 🤗
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