Ethereum (ETH) bounced above the horizontal support area at $1,860 to complete the leading diagonal
LTC is moving along the descending resistance line and is trading below the horizontal resistance of $146.
As Crypto-Auditor sees it, Cardano (ADA) has broken down short-term bearish resistance and is now moving along its long-term upward support line.
ETH bottomed out on June 22 at $ 1,700. Since then, the coin has been growing. The price formed a rising low on June 26 and then continued to rise.
Since May 19, ETH has tested the $ 1,860 horizontal support four times.
ETH peaked on July 7 at $ 2409 and then went into a correction. Thus, the coin has completed the formation of the diagonal pattern. Diagonals often end with sharp pullbacks, so one more testing of the support at $ 1860 is possible. It will coincide with the 0.786 Fibonacci retracement.
Then ETH is likely to resume gains. The nearest resistance is $ 2880.
ETHUSD rate. Source: TradingView
ETH / BTC has been rising since June 27, after testing support at ₿0.055. It is not excluded that the price has completed the fourth corrective wave by moving to the minimum.
The price reached a local maximum on July 7 in the area of ₿0.069.
Technical indicators are reversed in a bullish direction, but they are losing strength. MACD and RSI are at levels 0 and 50, respectively, the values are close to neutral. Stochastic has already issued a bullish cross and is moving up.
Potential bullish targets: ₿0.091 and ₿0.114.
LTC has been declining since May 10 and has been moving along the downtrend resistance line since May 20. The price reached a low on June 22 at $ 104.92 and began to recover.
LTCBTC rate. Source: TradingView
The coin is now trying to break above the specified downtrend resistance, as well as above the $ 148 horizontal line.
Technical indicators support a bullish outlook. In this case, the nearest resistance is at $ 223.
LTC / BTC has also been moving along the downtrend resistance line since May 10.
The price completed its double bottom formation on June 22 and has been rising since then.
Technical indicators support the continuation of the upward movement and a possible breakout. In this case, the nearest resistance is at ₿0.005.
ADA has been moving along the upward support line since early February. The coin has renewed its all-time high at $ 2.47. This happened on May 14th.
ADA / BTC rate. Source: TradingView
Since then, the token has been moving along the downward resistance line (dotted line). The break above occurred on June 28, after which, on July 4, the price tested $ 1.49.
Technical indicators are neutral with a slight bullish bias. Stochastic has formed a bullish cross, but MACD & RSI is below 0 and 50, respectively. However, the trend can be considered bullish as long as the ADA is trading above the specified support line.
The nearest resistance levels are $ 1.56 and $ 1.73. These are the Fibonacci retracement levels of 0.382 and 0.5.
ADA / BTC has been declining within the symmetrical triangle since May 16. Price bounced off the triangle support line on June 22nd and is currently in the middle of the pattern.
Although the triangle is considered a neutral pattern, it usually appears after an upward move. Technical indicators are turned up. Thus, a breakout appears to be the most likely development of events.
