Cryptocurrency Technical Forecast: June 3 to June 9, 2018

Disclaimer: This article is for information purposes only and should not be construed as investment advice in anyway. Never invest what you are not prepared to lose. The author is long on Ethereum.

As posted on: https://wordpress.com/post/todaysdollar.wordpress.com/74

Three expected cryptocurrencies to post >5% gains this week.

Ambrosus AMB/ETH (SPECULATIVE BUY)
Current Price: 0.00071638 ETH
Target Price: 0.00075219 ETH (+5%)

AMB was trending up last week, but has posted two days of small losses over the weekend. However, my favored signal of 7-day MA crossing the 14-day MA has recently happened and the offering continues to trade above the 7-day MA. The RSI is also under 50, which doesn't constitute a signal, but shows that the token is at least on the right side of that marker.

Ripple - XRP/ETH (BUY)
Current Price: 0.00107532 ETH
Target Price: 0.00112909 ETH (+5%)

Ripple's been steadily climbing since May 20, as mentioned in our review and last weeks article. This was our first miss last week, but we find it an attractive option to hit our 5% goal this week. Yesterday was a high volume gain, there is no negative RSI signals and the price has been bouncing off the 7 day moving average during this climb.

Aelf - AELF/ETH (SPECULATIVE BUY)
Current Price: 0.00181740 ETH
Target Price: 0.00190827 ETH (+5%)

Another example of the 7-day MA crossing the 14-day MA. While the offering has taken a hit today, we are treating it as a discounted entry price due to the lack of volume behind the move. The price should bounce of the 7-day MA and allow us to hit our 5% return.