Cryptocurrencies Price Prediction: Dogecoin, Ethereum Classic & SafeMoon — Asian Wrap 06 July
Dogecoin price wavers, but $0.223 dictates DOGE outlook
Dogecoin price rebound from the 200-day simple moving average (SMA) on June 22 marked a bullish departure from the weakness that branded price action through much of May and June. The price action proceeding the bounce from the low formed a symmetrical triangle pattern that triggered today with a 12-hour close below the triangle’s lower trendline.
Ethereum Classic Price Forecast: ETC wastes no time in defining a new opportunity
Ethereum Classic price reasserted some leadership off the June 22 low with a 92% gain. The limited pullback following the impressive rally suggests that ETC wants higher prices moving forward, as it completes an inverse head-and-shoulders pattern. Only the 50-day SMA is an obstacle for the bullish narrative.
SafeMoon price vulnerable to new correction to $0.00000285
SafeMoon price has been entangled in a bottoming process since May 19, confusing investors with various buy signals that eventually failed or patterns that never triggered. Just a few days ago, it appeared that SAFEMOON was defining a cup completion cheat pattern that offered a timely opportunity to seize a 20% profit.
Author
FXStreet Team
FXStreet
