- Bitcoin prices mark a bullish start this week, but the downside liquidity target is incomplete.
- Ethereum prices use the $ 2,000 psychological barrier as a stepping stone to the $ 2,412 swing rally.
- Ripple prices will bounce off the $ 0.389 support floor and then try to rise.
Bitcoin prices show a bullish move after a tight integration over the weekend. Many altcoins also exploded due to this impulsive movement. Ethereum and Ripple follow, but are far from achieving short-term goals.
Bitcoin price and imperfect purpose
Bitcoin’s price, tagged three times last week, generated a low of $ 29,288, equivalent to the support level. This barrier, also known as Monday’s lows, had to be cleared, but it seems that buyers took control and led to the rally.
So far, Bitcoin prices have risen to retest the high range of $ 31,493, which could reverse the trend here. A low $ 29,288 sweep on Monday should be the key to triggering a bounce of relief rally to short-term goals ranging from $ 34,455 to $ 35,180.
BTC / USD 4-hour chart
The invalidation of this bullish dissertation occurs when Bitcoin generates a 4-hour candlestick below the lows of $ 28,575. In this situation, BTC can crash to $ 27,708.
Ethereum prices need to be suspended
Ethereum pricing created a double bottom pattern after tagging the $ 1,731 support level twice on May 28th and June 3rd.
Investors can expect to retroactively tag the $ 1,813 scaffold before Ethereum’s price continues to rise. This level is a good place to bid, especially given ETH’s short-term goals of $ 2,164, $ 2,341 and $ 2,412.
ETH / USD 4-hour chart
If the Ethereum price does not exceed the $ 1,813 support level, ETH will wipe out the $ 1,731 support level, making it a good buying area. However, a 4-hour candlestick below $ 1,701 will invalidate the bullish dissertation.
With such developments, ETH could plummet to $ 1,543.
Ripple price on track towards the goal
Ripple’s price approached a $ 0.437 hurdle retest, but failed and returned to a stable support level of $ 0.389. After a quick sweep of this level, the bull took control and triggered a 5% run-up to $ 0.404.
In the future, the Ripple price may be slightly retraced to $ 0.389, but the upward target remains the same. That is a retest of $ 0.437 and $ 0.484. Therefore, investors have to put up with remittance tokens.
XRP / USD 4-hour chart
Regardless of the bullish outlook, if the Ripple price creates a low below $ 0.371, the bullish paper will be invalid. In such cases, the price of XRP could hit the $ 0.345 support floor.