Briefly –

  • Bitcoin trades in the $31,300 to $40,550 range.
  • XRP, ZEN, and DIA broke out of the declining resistance lines.

Let us dive deep to see what the currencies have for now.

Bitcoin

BTC has consolidated in the $31,300 to $40,550 range since 19 May. On 12 July, the coin fell short of $31,658 after forming a bearish candle. Bitcoin bounced afterward.

Meanwhile, daily timeframe technical indicators suggest bearishness regardless of the bounce. MACD formed a lower momentum candle while the Relative Strength Index maintains beneath 50. Moreover, the stochastic oscillators are on a bearish cross for now.

Ethereum

Ethereum has had uptrends since the 22 June drops to $1,700. So far, the altcoin has rallied to $2,410 before plunging.

The losses came after ETH broke down from its ascending wedge. While writing this, Ethereum trades slightly over the 0.618 Fibonacci retracements at $1,968.

If the wedge accounted for the leading diagonal formation, ETH might surge to the horizontal resistance level at $2,880.

XRP

XRP has traded in a descending resistance since 1 June. The altcoin attempted to break over the line four times before the 4 July success.

XRP returned to validate this line as its support two days after.

If it manages to register uptrends, it has the nearby resistance at $0.80 to $0.87. That translates to it targeting the Fibonacci resistance levels at 0.5 – 0.618.

ZEN

ZEN maintained a descending resistance since 8 May after the $169.23 highs. The altcoin tried conquering the level five times before breaking out on 30 June.

For now, ZEN needs correct market analysts for an upward move. Moreover, technical indicators are somewhat neutral.

ZEN’s nearest resistance lies at the 0.882 Fibonacci retracements at $93.91.

DIA

DIA followed a declining resistance from 20 May. At the same time, the coin plunged on 22 June, trading at $0.921 lows. However, it enjoyed up moves since then.

On 6 July, DIA broke from the dropping resistance zone, climbing to the $1.57 high on 13 July.

Daily technical indicators denote a bullish market. The RSI remains over 50 and moving up, while the stochastic oscillator formed a bullish cross. Moreover, MACD is almost positive at the moment.