• Ravencoin has a bearish short-term bias, with the cryptocurrency trading below its 200-period moving average on the four-hour time frame
• The four-hour time frame shows that a complex inverted head and shoulders pattern is building
• The daily time frame continues to show the presence of a huge bullish pattern

Ravencoin has a bearish short-term bias, with the cryptocurrency trading below its 200-period moving average on the four-hour time frame.

Cryptocurrencies are usually used for monetary transactions, but they can also be used to share data. Many coins have a dedicated “memo” field, but broadly speaking, any cryptocurrency that allows custom data can also be used to exchange messages.

Messaging is a simple idea, but it can be applied in complex ways – and it also has some unexpected implications.

Yesterday’s Bitcoin (BTC) dip was short-lived, and the original cryptocurrency is now back to double-digit gains. Reports that the FCA is moving to ban all crypto-linked derivatives have barely dampened the coin’s trajectory.

After rebounding off the $9,800 support level, Bitcoin surged far above the danger zone. BTC was trading at around $11,400 at press time, 13% above its weekly low and shooting back towards the yearly high of $13,700.

Stellar has had a busy year so far. The blockchain project has established several new partnerships, suffered a troubling network outage and is soon expected to roll out a new developer-focused website.

Crypto Briefing recently had the opportunity to sit down with Lisa Nestor, Head of Partnerships at the Stellar Development Foundation, to discuss some of these topics in more detail.

The first Monero Konferenco took place June 22nd and 23rd in Denver, Colorado. Per previous coverage, the two-day conference billed itself as an opportunity to meet and greet the “privacy advocates, cypherpunks, scientists, and philosophers” who make up the Monero community.

Something slightly scary happened to the cryptosphere yesterday, at least if you spend as much time online as we do. Around 9:50 ET, Crypto Briefing’s website was replaced by a 502 error….as were CoinMarketCap, Decrypt, and many other websites hosted on Cloudflare’s cloud-based servers.

Then, just as our writers resigned themselves to an unexpected day off, the internet started working again.

• Tezos has a bearish short-term bias, with the XTZ / USD pair still trading under its 200-period moving average on the four-hour time frame
• The four-hour time frame continues to show a large head and shoulders pattern
• The daily time frame is conflicted with both valid bullish and bearish patterns forming

Tezos has a bearish short-term bias, with the XTZ / USD pair continuing to trade below its key 200-period moving average on the four-hour time frame.

• Bitcoin Cash has a bearish short-term bias, with the BCH / USD pair still trading below its key 200-period moving average on the four-hour time frame
• A bearish head and shoulders pattern has now formed on the four-hour time frame
• The daily time frame highlights that Bitcoin Cash is trapped within a rising price channel

Bitcoin Cash has a bearish short-term trading bias, with the BCH / USD pair trading below its 200-period moving average on the four-hour time frame.

• Crypto.com Chain has a bearish short-term trading outlook, with the CRO / USD pair trading under key support
• The four-hour time frame shows that a bearish breakout has occurred from a triangle pattern
• The daily time frame shows that the CRO / USD pair is trading in the middle of a descending price channel

CRO is attempting to hold strong by continuing to get listed in exchanges.

The Financial Conduct Authority (FCA) has today released further guidance on its position on cryptocurrencies. The UK’s chief financial regulator says it is seriously considering a complete ban on access to all crypto-linked derivatives for retail investors.