If the bulls manage to scale the price back above the trendline and the moving averages, it will indicate demand at lower levels.
The longer the price remains below the downtrend line of the descending triangle and the moving averages, the greater are the chances of a retest of the critical support zone of $5,900-$6,075.
As the price is close to our buy levels, we suggest traders hold the long positions with the stops at $5,900.
A break out of this level will be the first indication of the start of a new uptrend that will pick up momentum on a close above $322.57.On the downside, if the bears force the price below $200, the ETH/USD pair can retest the recent low of $167.32.
The traders can hold the long positions with the stops at $0.42.BCH/USDBitcoin Cash has been trying to hold above the moving averages since Sept. 29 but hasn't been able to sustain above $550. The strongest breakouts never look back.
The BCH/USD pair has a history of vertical rallies we suggest holding the long position with the stops at $400.EOS/USDThe bulls are attempting to hold EOS above the 50-day SMA, which shows buying at lower levels.
The traders can keep the SL on the long positions at $0.21.LTC/USDLitecoin continues to trade inside the range of $49.466-$69.279.
ADA/USDThe failure of the bulls to break out of the 50-day SMA attracted selling and Cardano broke down of the 20-day EMA.If the bears succeed in sustaining below the 20-day EMA, the ADA/USD pair can drop to the next support at $0.071355.
The price has been sandwiched between the downtrend line and the 50-day SMA.If the bulls break out of the downtrend line, a rally to the overhead resistance zone of $140-$150 is probable.
We suggest traders hold their long positions with stops at $100.We are not proposing to close the position at the current levels because it is not clear which way the XMR/USD pair will move.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, October 3
Publicado en Oct 3, 2018
by Cointele | Publicado en Coinage
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