Ethereum, Bitcoin & Cardano — Asian Wrap 14 June

ETH price revisits historical RSI low, which commenced the 2019-2021 bull run. Ethereum price has impulsively fallen, and detecting a conventional reversal signal will be challenging. An early invalidation of the bearish downtrend could be a breach at $1570 for investors willing to take on a high-risk, high-reward setup.

 

Bitcoin price reacquaints 2020 areas of interest as bear press $23,000. Increased volatility is likely to occur in the coming days. Bitcoin price has experienced a devastating decline to start this week’s trading session. BTC price is now consolidating in an uncertain spot. The steep decline has breached all short term bullish ideas.

 

Cardano price is on track to sweep the May 12 lows at $0.39. Traders who have not entered following last week’s bearish thesis should wait for continuation signals. Cardano price, like several cryptocurrencies, is experiencing a steep sell-off to start the third trading week of June.


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