BTC
BTC did not break below the integer support of $7,000 yesterday. The rapid fall in EOS prices during the noon period had limited impact on BTC. Then, the BTC trend became stronger along with the rebound of EOS, completing a breakthrough for the recent down channel pressure level and directly breaking through. After the $7500 mark has stabilized, the rebound in the short-term market will continue. It is expected to touch the strong resistance position of $7830.
However, it should be noted that since the bitcoin has temporarily broken the down channel pressure level and then adjusted back to the internal channel events in the middle of this month, it is currently unable to confirm that the rebound trend has been established, after all, the short-term bear market has been maintained for a month.
Specific trading ideas: 1 hour level price chart stepped back to 7400 US dollars to support the stabilization confirmation signal can be a small fund intervention, the rebound target to see 7600 US dollars; if the price fell back below 7400 US dollars, then focus on the price in the vicinity of the channel resistance, the dynamic support Validation can start multiple trades with a target of more than $7830, and if the price quickly falls back into the channel, there is a high probability of restarting the downtrend to test the $7,000 integer support.
EOS
EOS performed compellingly at noon yesterday. The price plunged back to the support level after puncturing down at $11.40. However, the price was not able to leave the zone again after returning to the inside of the 11.40-12.30 box. The EOS price remained steady at $12.25. nearby.
Currently for EOS, the price is in the key area.
Specific trading ideas: Once the downward support of the $11.40 support is confirmed, the future may reach $9.8. After the break above the $12.30 resistance line, if it can break through the trend line resistance of the recent operation, the rebound target can be directly seen to the $14.40 line.
BCH
BCH rose 13% on Tuesday night and ended the day with a downturn. Its market price suffered a 5% decline earlier and then it rose by 11.5%.
After the recent rally, BCH once reached the $1005 line and entered the strong resistance zone formed by the multiple highs of $995-1010.
On the technical analysis level, according to the 30-minute chart, it is predicted that the BCH will have a high probability of forming a double top and will soon fall back into the neckline to support $962. The RSI has fallen back from its high point and out of overbought zone. Stronger support appeared at $915 and $870 respectively.
VEN
Since the high of May 15th, VEN/BTC has come close to a classic structure of falling five waves, and the current market is in the final confirmation stage of the decline of Wulang, once the three waves low corresponding to the 0.0004610 line to confirm the break, The five waves basically confirmed the formation, with reference to the first and third wave of decline in strength, the five wave theory of the biggest drop target can be seen near the 0.0004000 integer support.
TRON
The price of Tron started to rise at 18 o'clock on Tuesday and it broke through the resistance level of 0.065 U.S. dollars several times during the period. However, the price subsequently fell back. The trx price is 0.064184 USD. If prices continue to decline, they may reach 0.060 support.
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