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Crypto Update 3rd July

With Bitcoin (BTC) making a partial recovery, there is still much talk about this cryptocurrency, but other names are now also creeping into Twitter conversations. Here are the highlights.


The Cryptomist recently posted a chart and tweeted that bulls are currently trying to break the wedge for the third candle running. If it breaks, two new targets will emerge: $11,700 and $12,700. He added that he was waiting for an RSI resistance of 55 to 58 but warned everyone to have stop losses in place.


With Bitcoin recovering to $11,327.50, this account tweeted that he still had not sold – although he was looking at a technical analysis that predicted it would turn around soon and plummet to around $9,000.


This handle tweeted earlier today that he remained bullish about Ripple (XRP). However, he added that he wasn’t prepared to rule out a drop. If Bitcoin continues to fall from here, XRP will follow its example.


Rekt Capital shared a chart of Quant (QNT) showing that it appeared to be in an uptrend but had just bounced off a resistance point. He said that QNT had to remain above the trend line (connecting the lows) to maintain its general uptrend and prevent a more severe correction.


Posting a chart showing a sharp breakout for Tierion (TNT), an account called @CryptoAMGx tweeted that this was another major buying signal for the cryptocurrency. At a time when the TNT/BTC rate was .00000623, he said the first target was now at .00001200, followed by the second one at .00004000.


Tweeting about NEXT (NET), Odd Gems said that its Mainnet was “round the corner.” He predicted that once it went live and began to draw volume, it was going to surprise a lot of people. According to coinmarketcap.com, it currently has a market cap of less than $60m.

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