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ETH/BTC technical analysis shows that price is approaching the top of a symmetrical triangle pattern. Bulls could start to rally the pair towards the $0.0320 level.
Equities have rallied strongly since the depths of March and April as the worst coronavirus fears have eased. But what is a realistic stock-market forecast for the next six months and should we be cheerful or downcast?
Crypto Index analysis highlights that further gains towards the 48,000 level appear possible over the short-term. The 57,000 level is seen as the wider bullish target.
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Bitcoin price chart analysis shows that a minor technical setback has taken place. Bulls to continue to defend major short and medium-term technical support.
Stellar Lumen price analysis shows that price is confined within a triangle pattern in the near-term. Bulls need to break above the $0.089 level to force a major technical breakout.
Ethereum price analysis shows that the ETH/USD pair need to hold above the $250.00 level to encourage further technical buying towards the $290.00 level.
Litecoin price analysis indicates that a break above the $51.00 level should be considered bullish. Gains towards the $80.00 level remains possible if the $54.00 level is overcome.
EOS price analysis highlights that a major directional move will take place if the $3.10 level is reached. The top of a large falling wedge pattern is located around the $4.00 level.
Ripple analysis highlights that a break from the $0.1780 to $0.2100 price range should trigger a much-need directional move in the XRP/USD pair.
After a hammering in late March as the full impact of the coronavirus struck, major stock markets are showing signs of recovery. So what is the stock market forecast for the next three months?
Crypto Index analysis suggests that more short and medium-term gains appear likely. A breakout above the 47,000 level could provoke a 10,000 point rally.
Stellar Lumen price analysis shows a bearish reversal pattern will form if the XLM/USD pair falls towards the $0.060 level. The cryptocurrency is still technically bullish while price trades above the $0.057 level.