Either of these levels can act as a roadblock for the up-move, but if the bulls can push the price above the downtrend line, a resumption of the uptrend is likely.
The failure to push the price above the moving averages will attract sellers who will attempt to break down the cryptocurrency below the support and resume the down-move.
If the bulls can push the price above the moving averages, it will indicate demand at lower levels.
Aggressive traders can hold the long position with a stop loss at $160.XRP/USDAfter staying below the 20-day EMA for the past few days, XRP has made a decisive move and risen above the 50-day SMA with force.
If the price sustains above the 50-day SMA, it will increase the possibility of a move to $0.34229.
Traders can buy on a close above the 50-day SMA and not wait for the price to break out and close above $0.27795.
We will wait for the buyers to push the price above the downtrend line of the wedge and signal a trend reversal before suggesting a trade in it.
EOS/USDAfter consolidating in a tight range, the bulls are attempting to push EOS above the overhead resistance of $3.1534.
The bulls have repeatedly failed to push the price above the 50-day SMA. Therefore, we will wait for the BNB/USD pair to break out of the 50-day SMA and the descending channel before turning positive.
Conversely, if the bulls push the price above $90.40 and the 20-day EMA, a move to $107 is possible.
Price Analysis 07/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, ADA
Publicado en Oct 7, 2019
by Cointele | Publicado en Coinage
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