Market review, June 5, 2019

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2019-06-05 15:00:47

Now, let's move to the technical analysis of Bitcoin (BTC):

Yesterday, bitcoin bounced from the psychological level of $8,000 and reached $7,750, testing the level of $7,500. We consider the following options: 1) If the price fixes above $7,900 – long positions to $8,500-$9,000, 2) it the price breaks through $7,700 – short positions to $7,000. The support levels are $7,727, $7,500. The resistance levels are $8,000, $8,140, $8,300, $8,440, $8,500, $8,600, $9,000.

Technical analysis of Ethereum (ETH):

Yesterday, ethereum continued the downward trend, broke through the support level of $240 and tested the mark of $235. If the price fixes above $247, we consider long positions, if the price fixes below $240 – we consider short positions. The support levels are $240, $235. The resistance levels are $245, $250, $255, $260, $266, $274, $280, $286.

Technical analysis of Ripple (XRP):

Yesterday, ripple tested the level of $0.38128. If the price fixes above the mark of $0.405, we consider long positions, if the price fixes below $0.3955, we consider short positions. The support levels are $0.3955, $0.3888, $0.3812. The resistance levels are $0.405, $0.4168, $0.4322, $0.4562, $0.4677.

Disclaimer. This review is only for information purposes and cannot be considered as a proposal or an indication to perform certain transactions in the financial and commodity markets. The estimates and recommendations in the review are the personal opinion of the company's analysts. The company's view on the prospects for individual financial instruments is valid as of the date of the report. The Company does not assume any liability and liabilities for compensation for damage that may result from the use of this report.
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