I know some people been asking about X, RP and we're gon na take a look at that as well, so guys. First of all, I want to start off here with Bitcoin. What happened yesterday, which was important, we're gon na, be looking at everything. On the one day, time frame today, I really want to step out and get the big picture of everything. So what happened yesterday was which I liked we had a bullish engulfing candle that came in kept us inside of this ascending triangle that we've still been in right now and now we are back trading up above that 20 ema20 is we have a bit of a Doji candle taking place, we have a little bit of fight between the Bulls and the Bears right now, and that is common. That happens a lot of times after you make a move. You can have a day where you calm down a little bit before you potentially move back up, and you can see this doji's taking place right around this nine thousand six hundred seventy six. That was our resistance area and we're sitting on that right now, we're at nine thousand six hundred. Seventy six so it's important that we stay up above that today, because that would also keep us up up above that 50 moving average on the one day. Time frame, the next area of resistance that I'm gon na be looking up to is nine thousand eight hundred eighty and that ten thousand dollars psychological.
Those are the ones that I'm gon na be paying a lot of attention to. We need to see if Bitcoin can get up over top of that area. What I also liked about this in terms of us getting back up above the 50 moving average here. It also happened. While we have a stock cross, the volume wasn't as high as I would have wanted to see it was about average there. As you can see the volume this purple line is going to be your moving average for volume, so it was about average. So, typically, when you see those you want to have that swelling volume, we would have liked to see a bullish engulfing candle with some type of volume like this, but we'll take it for right now we need the Bulls to continue. This upward momentum, that's what's, going to be so important for us. The RSI is sitting at 55 right now and if we take a look – and we dig in the trading view here right now – you can see how it's changed we are considered a strong buy. We have a 9 neutral overall 18 and a 1 sell overall oscillators 8 neutral to buy one sell and then our moving averages are looking great and that's really what's, giving us a big boost here from the 5 all the way to the hundred or to the 200 you're throwing by signals right now so it's a really good thing.
We want to stay up above those moving averages, but we still have to get up over top of this overhead resistance, the next one being that nine thousand eight hundred and eighty that's going to be the key there. So the next one we're gon na get into that's Bitcoin guys you, like me, covering Bitcoin like subscribe, hit that notification bell. Tell me what you're here for terms of Bitcoin aetherium. Like coin, did you buy it, leave it down low, even if you could just put a thumbs up exclamation point anything helps out with the algorithm always going to try to do the best that I can for you. So we're gon na move into aetherium a theory. I'M sitting at 200 right now, two hundred and forty three dollars second. Here I want to see if I could close, that for us: okay, so we're sitting at two hundred forty four dollars right now and what we need to do. We need to get up over top of this two hundred and fifty two dollars that's going to be the key. You can see this overhead resistance, we've hit it three times. We hit it back on March, seventh, twenty twenty twenty! We hit it on June. Second, we try it again on June 11th, so now we need to get up over top of that and turn 252 dollars into support. That'S gon na be the most important thing for us that we'd get over top of it find support on it.
If we can do that, then we can start challenging these highs here of around two hundred and eighty six dollars, which is going to be important, but as you can see for aetherium here, as we've just been moving sideways, we are still now we got back up Above our twenty EMA, which is important, we're up above our fifty we're, still holding our support of two hundred and sixteen dollars and we're up above our two hundred. So what we had was a trend line break out of here. We went up made a nice move that two hundred fifty two we set a higher low here now we're gon na try to get up and see if we can get that higher high, but it's going to be important that we have significant volume coming in. We had a bullish engulfing candle with that stock cross with the RSI starting to move to the upside our stocks at 48 and 24. Right now, our RSI is at 59. So in terms of support guys, we would not want to start dropping back below this 50 moving average. All eyes are gon na be on that 15 that's gon na be at about two hundred and twenty one dollars. So, if you're in a bullish position, this is when you want to continue to sit in a bullish position until we have confirmation of downside breaks right now, because the trend still is up and if we take a look at our technical analysis right now, it's nice To see some direction, though, that we finally had that push, because we were running so neutral for so so.
Overall, we have a nine neutral 18 by and a one cell right, there oscillator still a little more neutral, eight neutral to buy one cell, and then our moving averages are looking great there. So that's going to be aetherium guys next, one we're gon na get into, and if you like me covering a theory I'm, give me that thumbs up, let me know and we'll get into litecoin next that's gon na be at forty four dollars and twenty seven cents And guys at forty four twenty seven right now, litecoin still struggling here as we take a look at this because we are below this 50 moving average we're, still below our twenty moving average or twenty EMA and we're below our 200. So in terms of this Bitcoin and theorem are much farther ahead than what litecoin is due to looking at these moving averages. Here we also had two trend line breaks. We have this purple trend line, break we broke down out of then I have this green trend line we broke down out of, and now we just been moving sideways. What we need to do is continue to hold about. Forty 1.38 is the support area I'm. Gon na be looking at then in terms of overhead resistance that we need to get through. Obviously, these moving average, which is going to be about forty four dollars and sixty nine cents and then be up here around that forty six dollars and 81 cents right now.
If we take a look at our technical analysis, we're looking at a twelve cell nine neutral and a seven by so you can see here guys. This was something I didn't look at, but just by looking at the technical analysis, you can tell that it's behind the other coins right now and that's. What you want to look for signs like that, so you know guys be careful. We fear in a litecoin position right now, just moving sideways with these moving averages. Pressing down upon you, you want to be careful, you know, could the rest of the market continue to pick up and it brings litecoin up with it absolutely, but you got to be careful whenever you're trading below that twenty that fifteen, that 200 on the one day Time frame, typically, you want to be up above those if you're gon na take a long position in a stock or a coin. Anything along those lines and you'll also see we've had very low volume here. So we definitely need that volume to pick up so that's litecoin guys. I know a lot of people love like when I love like coin, but it's just a little bit behind right now, and I want to point that out to you so next we're gon na take a look at Oh me, say, go, and I also last night Guys I got in a Z cash position at about. I think it was fifty three dollars fifty two dollars right in that range, so that's up about five percent right now: I'm.
Happy with that a leg, Z, cash just due to the privacy ass. I think, as things get more centralized, you know Manero Z cash coins like that people are really going to be looking for that privacy, so that's, something that I'm definitely keeping an eye on, and I did open a small position in that we're in the profit right Now so that's one of the positions I am playing, then we'll take a look at our own Mii say go see here. Let me say: ghosts in a one dollar, fifty seven cents right now, it's down 3.3. So, with, though me say, go guys what I really like to see here that we had so we're looking at this, we basically had a bullish engulfing candle yesterday off this 50 moving average and didn't get quite to it. You can see we wick down to that support area that I had about a dollar 30 38 we'll call it. We got a nice little bounce there, a bullish, engulfing candle, we're up above our 20 again we're up above our 50 we're up above our 200. In the macro sense, we have had our beautiful trend line break to the upside here and guys we're in this downtrend for years. If you take a look, this started back around January 2018, so all eighteen, all 19 we're looking about two and a half year, bear market that we've been moving down. So when we broke this trendline that's significant, in my opinion, that's a true trend line break and that we're up above these moving averages that's a big deal.
The main thing is we're: paying attention to eat because owe me sago is an e rc. 20 token, like many all coins and when aetherium gets moving, owe me. Sago is gon na move and that's. Just is what it is. You know whenever you play these coins guys, you always have to pay attention to a theorem. It doesn't matter what the setups looking like on these coins, if a theorem dumps or Bitcoin dumps its gon na bring these along with it, no matter how good the set up is, but I do like to see we're holding up above one dollar and thirty, eight Cents there, that was our previous resistance. We turned it into support. We got a bullish engulfing candle. Now we need more volume to come in to accompany that, so we can get up above one dollar and 89 cents. That'S gon na be a big overhead resistance area. Also around that dollar 66 is gon na, be a big overhead resistance. We got our stock cross here in our RSI is looking at about 54 right now, still running just a little bit more neutral there, and you could even draw a trendline here on the bottom and just make sure that we continuously hold that fromi say go and Let me say: go guys for me, just let you know that's something that it's just one of those longer term bags that you hold that's that's, that I've had from back in the past.
You know it's, a coin that I really hope can do well. But to me it's, not a bad thing. You know to have a few hundred, you know me say: go on hand, because you know guys it can get crazy. That'S. A coin that's been up two before let's, see about thirty dollars from thirty all the way down to thirty cents, that's the importance of taking profits, guys you never want to ride out a bear market. I'Ve learned that, like I said trading is my main thing, but I also keep just small hotle bags just to see what happens and trading is far surpassed, any type of HA dling and just realize that's why you want to take your profit? I mean this coin here from 30 dollars, down to 30 cents is what's possible, so it can get that overextended to the downside. You have to remember it can get that overextended to the upside just like down, and here guys when we were 50 cents. For no me sago and went to 30, so anything can happen in this space and that's. Why we're in the cryptocurrency space, so that's owe me say: go guys. You like me, covering that, like subscribe, hit that notification bell we're going to move on here, we're gon na take a look at. Did you bite next, I notice that people really been looking hard at. Did you bite? I want to find a good char, for you.
Will do, did you buy USD on the bit ryx chart here? Okay, so what we're gon na have to be careful of here? We did have massive volume coming. That was nice. It got us back up above this 50 moving average we're up above our 20. Again, still up above that 200, you can see right here. This long, wick, we're gon na, have to wait towards see where the candle closes today, but it's a bit of a tweezer top there, a lot of profit being taken right around this last resistance area, and that was around that 0.02 387 was an area. So you see this previous resistance, then we also hit it back here so that's. Why you have this these wicks here a lot of traders who are playing this or taking profits when they see that 15 20 percent gain to the upside. But what I like about, did you bite here as well? We had that stock cross came on a lot of volume. We just now have to get over top of these resistance areas so, like I said that 0.02 3, 7 8 it's going to be overhead resistance. In terms of support, I want to hold this 50 moving average, which is going to be at zero point: zero one, nine two one it's going to be important and then be down here around that zero point: zero one, six, six one and then, if we take A look at did you bite here in terms of the technical analysis, you can see we're getting a strong by a one cell, nine neutral 18 by in terms of like the oscillators they're, still running more neutral, but in terms of the moving averages, that's what's, really Giving us a strong buy signal, so we want to pay attention to that right now and guys, if you know, did you buddy can get up over top of this area here.
You know there could be some nice room to run, but we just have to take it one day at a time and really wait to see where this candle closes today, because if you have this, tweezer tops here a lot of times, you will retrace before you Potentially can make that next move to test these overhead resistances, because if you don't break through them once that's, where you get into a little bit of trouble there guys so that's gon na be, did you bite if you're here for did you bite? Let me know down low and then we'll get into XRP, like I promised here XR piece of right around that 0.19 area same deal like with XRP kind of what's, been happening with litecoin, but it's even a little bit weaker right now than litecoin. If you take a look at this we're below our 20 EMA we're below our 50 we're below our 200 and we're below a key resistance area of that 0.2, 1. 4. 4. 3. So this is a tough spot here to just say: hey I'm gon na go long in it. Our support area is gon na be around that 0.178 53. But for me, if I was gon na go long in XRP, I would want to see us trading up above that 50. In that 200, we maybe could get away with that 20 EMA, but to have all this overhead resistance, guys, that's, a really tough area to just say right now: hey I'm gon na jump in I'm, going for it when you have all this overhead resistance and if We zoom out here what we don't want is another lower low okay.
So these are all your lower highs that have been coming in we've had our lower lows coming in as well, and we got down to 10 cents. So if we actually set a lower low, we could be looking down into the 7 8 cents range guys and that's I'm, not saying it's going there but I'm saying that's what you have to be careful of, because there's not a lot of support. If we do break down through that 0.178 5 3, we really need to keep an eye on it. Now what we have going for us on the stock. We are in that oversold condition there we're at 26 and 17 we're trying to get a little stock cross here in terms of our RSI. We are at 42 right now, so just a very sticky spot here for XRP guys. If we go into our trading view – and we take a look, we have a 15 sell. 10, neutral 3 buy right now, so obviously that's confirming what I'm looking at here, with my technical analysis that you're having more that cell signal right now, it's behind some of the other altcoins okay, so you always want to put yourself align it with the trend in The trend still been down here for XRP and we need to be aware of that.