Bitcoin – Ethereum – XRP – Market Review Tuesday 30 May

The temporization continues and neither side has the upper hand at the moment. Caution is therefore still in order!

Bitcoin Analysis – Medium Term

The weekly Tenkan remains a resistance, which calls for the greatest caution. Sellers thus have the opportunity to regain control over Bitcoin if $26,500 is broken down. A breakout of this level would provide the next target area of ​​$25,000, the next major technical level.. Pay attention to the stochastic indicator, which gives a sell signal. A bullish reversal will be possible at a breakout of $29,000

Bitcoin Analysis – Short Term

Prices managed to break the trend line and the daily Kijun. This makes it possible to target the top of the cloud as the next key resistance. An exit from the top would revive buyers’ strength, which remains marginal at the start of the week.

Ethereum Analysis – Medium Term

Ethereum are in the same medium-term situation. Volumes continue to fall. A continuation of the decline opens the door for a return to the key support at $1,700. It should be noted that prices remain blocked by the weekly Tenkan. A bearish acceleration can be expected if prices break this second level.

Ethereum Analysis – Short Term

Prices have reached the top of the cloud, which is interesting, but buyers need to confirm. An exit above the latter will allow us to consider the high in April. The bottom of the daily cloud remains technical support, at $1,750.

XRP Analysis – Medium Term

XRP remains strong despite an intermediate range being active. $0.44 is the first intermediate-term support.

XRP Analysis- Short Term

Prices are sending a positive signal by breaking out of the daily cloud. The April high becomes much more likely in terms of a technical target.

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