Disclaimer: This article is not intended as an investment advice and published for educational purposes only. BTC markets are highly volatile and risky in nature. DYOR before making any investment decision rather than listening to a stranger over the Internet.
Ethereum (ETH)
ETH-USD
The price action of Ethereum has failed to generate interest from investors and traders. It is currently neutral with the indecisive outlook in the medium-term. Ethereum is also considered as an index for altcoins and any surge in the price of ETH could be a possible prediction of an upcoming rise in altcoins value, also termed as an “alt-season” by many. However, without any significant event, the interest in ETH will remain low. Currently hovering around $190, the order-block spanning $190-165 remains critical support. Any break below may lead ETH to fall in the low $100s. Critical support and resistance levels are highlighted in the chart.
ETH-BTC
Bitcoin is holding strong at this stage. If it makes a sharp rally and ETH fails to move along, a further downside in ETH-BTC pair is likely. ETH-BTC is in a downtrend and lost a critical support level of 0.025-0.026. It is uncertain where it can go in the future, but further downsides are more likely to follow.
Binance Coin (BNB)
BNB-USD
BNB maintains a stronger outlook amid the news about many alts will not be available to US customers from Sep 2019. Rallying from $4 in Dec 2018 to $37 in Jun 2019, it is currently trading around $28. BNB uptrend is intact, and it could prove as a good buy in upcoming months due to its utility and fundamentals of the Binance Exchange.
BNB-BTC
BNB is performing much better against BTC as compared to ETH. The overhead resistance is at 0.03. The potential support levels are the fibs highlighted in the chart.
Disclaimer: This article is not intended as an investment advice and published for educational purposes only. BTC markets are highly volatile and risky in nature. DYOR before making any investment decision rather than listening to a stranger over the Internet.
