Market Review. Results of the Day. 06/05/2018

June 6, 2018

Technical analysis

The cryptocurrency market grew today. XRP is the leader of the growth, added 2.95%. 

BTC $7565.85. Support level is $7,450. Target level is $8,000.

ETH $602.07. Support level is $550. Target level is $650.

XRP $0.6704. Support level is $0.60. Target level is $0.78.

EOS $13.84. Support level is $12. Target level is $17.

BCH $1126.68. Support level is $1,000. Target level is $1,300.

Bitcoin has been moving inside the triangle pattern. The volatility is declining. It is a high time to think about buying. A short-term growing trend has already begun, however it still looks like a correction to the latest fall. If the price grew above $8,000, then a buy signal is confirmed. An exit from the triangle pattern above $9,000 would start a medium-term grown trend, that would have the chances to transfrom into a strong upward movement after a six-month pause.


News review

Augur (REP) founder Matt Liston started a new religion called 0xΩ. The religion is based on cryptocurrency and blockchain.

Indonesia officially recognised cryptocurrency as futures trading commodity.

John McAfee said that he is going to run for president in 2020. He promised he will promote cryptocurrency.

Popular streaming platform Twitch implemented donations in four cryptocurrencies: BTC, ETH, BCH, and LTC.

Blockchain developers quit GitHub after the platform was sold to Microsoft. The cryptocurrency community of GitHub is actively protesting against new owners.

One of the largest cryptocurrency exchanges HitBtc leaves Japan. At the same time another popular trading platform Coinbase announced entering the Japanese market.

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