Price Analysis 11/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

에 게시 됨 by Cointele | 에 게시 됨

BTC/USDThe bulls pushed Bitcoin price above the 20-day EMA but have not been able to sustain at higher levels.

Conversely, if the pair rebounds off $8,100 or $7,770, the bulls will again try to push the price above the 20-day EMA. If successful, the next resistance to watch would be the 50-day simple moving average.

A break below the $163.755-$151.829 support zone will be a huge negative as the next strong support is way lower at $122.On the other hand, if the ETH/USD pair rebounds off the moving averages, the bulls will try to propel it above $200 once again.

BCH/USDBitcoin Cash could not rise above the 20-day EMA our buy recommendation given in an earlier analysis did not trigger.

The first sign of a recovery will be if the bulls can push the price above $241.85.

LTC/USDThe failure of the bulls to push Litecoin above the 20-day EMA has dragged the price back into the $50-$58.2512 range.

If the bears sink the price below $50, the downtrend will resume and the next stop is likely to be $42.Conversely, if the LTC/USD pair rebounds off $50, the bulls will attempt to push it above the downtrend line once again.

As the previous pullbacks have failed to rise above the 50-day SMA, we will wait for the BNB/USD pair to scale above it before suggesting a long position.

The failure of the bulls to push the price above this level shows that investor sentiment about the altcoin remains negative.

If the cryptocurrency finds support at the moving averages, the bulls will try to push it above the overhead resistance.

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