The failure of the bulls to defend the 20-day EMA is a negative sign.
Currently, the 20-day EMA has flattened out and the RSI is close to 50.
The earlier support of 20-day EMA will now act as a resistance.
If the bulls push the price back above 20-day EMA within the next couple of days, the BCH/USD pair can move up to $480. Presently, we do not find any reliable buy setup.
EOS/USDContrary to our expectation, EOS did not find any strong buying close to the 20-day EMA and the critical support of $6.8299.
The 20-day EMA is turning down and the 50-day SMA is flattening out.
If the price rebounds from the 20-day EMA, the bulls will again try to ascend the overhead resistance zone of $121.9018-$127.6180.On the other hand, if the bears sink the LTC/USD pair below the 20-day EMA, it can decline to $91. This is a strong support, which is likely to hold.
Traders can maintain the stop loss on the remaining long position at $90.BNB/USDBinance Coin has declined below the 20-day EMA, but the bulls are currently trying to reclaim the level.
The price remains above the 20-day EMA, which is sloping up.
If the 20-day EMA holds, we expect another attempt by the bulls to break out of $0.40.On the other hand, if the 20-day EMA gives way, the TRX/USD pair can plunge to $0.02815521.
BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX: Price Analysis 05/06
Publicado en Jun 5, 2019
by Cointele | Publicado en Coinage
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