Cryptocurrency Pairs to Watch: BTC, ETH, XRP

Bitcoin (BTCBTC) has reached the $41,250 resistance area. 

Cryptocurrency Pairs to Watch: BTC, ETH, XRP

  1. Ethereum (ETH) is trading inside a symmetrical triangle.
  2. XRP (XRP) is following a descending resistance line.
  3. Curve DAO Token (CRV) and SHIBA INU (SHIB) have broken out from descending resistance lines.
  4. Chiliz (CHZ) is attempting to reclaim the $0.38 resistance area.
  5. Monero (XMR) is following an ascending support line.

BTC

Yesterday, Bitcoin increased until it was worth $41,330. It made a high right at the resistance level, which is the 0.382 Fib retracement level of $41,250.

In the time frame of a day, technical indicators- like the MACD, RSI, and Stochastic oscillator- are increasing. The MACD is positive, the RSI is above 50, and the Stochastic oscillator has made a bullish cross. The next resistance level is $44,755. This target is at 0.5 Fib retracement level in most likely scenario.

ETH

ETH went up to $3,017 on May 19. It has been going down and crossing a line that is getting lower since then. So far, the line has rejected ETH five times (red icons).

On May 30, it bounced at a number. This is when it created a higher low on June 12. This could create a triangle pattern that is symmetrical.

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