Cryptocurrencies Price Prediction: Avalache, Tron & Ripple — Asian Wrap 09 June
|Three reasons why Avalanche’s AVAX price is failing
Avalanche price could fall further. Subtle cues are confounding the bearish thesis. The Avalanche price, like several cryptocurrencies, shows reasons to believe in one more decline. The bulls have been unwilling to wage a battle at the current $24 price level.
The strongest sell signal for TRON price is the one nobody is talking about
Tron price shows significant sell signals on higher time frames. Traders should be careful. Tron price is currently trading at $0.08 as the crypto market as a whole is producing a stalemate this Tuesday. Illiquid market days usually provide investors time to review cryptocurrencies in search of subtle trend changes and anomalies.
XRP Price Prediction: Ripple hints at an explosive move
XRP price coils in triangular fashion which explains the unpredictable price action during May. A breach below $0.3839 could trigger a 25% decline to $0.31. Invalidation of the bearish thesis is a breach above $0.4342, which could trigger a 25% rally towards $0.51.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.