Avalache, Tron & Ripple — Asian Wrap 09 June

Avalanche price could fall further. Subtle cues are confounding the bearish thesis. The Avalanche price, like several cryptocurrencies, shows reasons to believe in one more decline. The bulls have been unwilling to wage a battle at the current $24 price level.


Tron price shows significant sell signals on higher time frames. Traders should be careful. Tron price is currently trading at $0.08 as the crypto market as a whole is producing a stalemate this Tuesday. Illiquid market days usually provide investors time to review cryptocurrencies in search of subtle trend changes and anomalies.


XRP price coils in triangular fashion which explains the unpredictable price action during May. A breach below $0.3839 could trigger a 25% decline to $0.31. Invalidation of the bearish thesis is a breach above $0.4342, which could trigger a 25% rally towards $0.51.