We shall wait for the price to sustain above the downtrend line before turning positive.
It has broken out of the downtrend line and is currently at the 20-day EMA.If the bulls push the price above the 20-day EMA, the XRP/USD pair can rally to the 50-day SMA. The zone between the 20-day EMA and the 50-day SMA might act as a stiff resistance.
The first target objective is $0.38239, above which the upward move can stretch to $0.4.Our bullish view will be negated if the price turns down from the 20-day EMA and plunges below $0.27795.
We might suggest long positions if the price sustains above the moving averages.
A break out of $2.6 will increase the chances of a rally to $3.05 and above that to $3.2081.Conversely, if the price reverses direction from the current level and plummets below $2.1733, it can correct to $1.7746, and below that to $1.55.
If the bulls scale above this resistance, the BCH/USD pair can move up to $141.But if the price turns down from $121, a drop to $100, and below that to $73.5 will be possible.
We now expect the bulls to push the price to the top of the range at $33. A break out of this resistance will be a positive move that can carry the LTC/USD pair to $36.428, and above it to $40.784.On the other hand, if the bulls fail to break out of the overhead resistance at $33, the virtual currency will extend its stay in the range.
If the bulls sustain above $0.02815521, the TRX/USD pair will move up to $0.03128011, and above that to $0.03575668.
Above this level, the cryptocurrency will attempt to hit its pattern target of $0.038.Our bullish view will be invalidated if the price fails to sustain above $0.02815521.
If the XLM/USD pair breaks out and sustains above $0.09285498, the bulls will attempt to scale above the downtrend line, which can result in a trend change.
Bitcoin, Ripple, Ethereum, EOS, Bitcoin Cash, Litecoin, Tron, Stellar, Bitcoin SV, Cardano: Price Analysis, Jan. 30
에 게시 됨 Jan 30, 2019
by Cointele | 에 게시 됨 Coinage
Coinage
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