Price analysis 10/28: BTC, ETH, XRP, BCH, LINK, BNB, DOT, LTC, BSV, ADA

Publicado en by Cointele | Publicado en

If the price recovers from the current levels and rises above the $400-$420 resistance zone, it will signal an advantage to the bulls.

Above $420, the pair could start its journey to $450 and then to $488.134.XRP/USD. XRP continues to trade inside a range as the flat moving averages and the RSI just below the midpoint suggest a balance between supply and demand.

If the price rebounds off the support zone, the XRP/USD pair could extend its stay inside the range for a few more days.

Above $0.26, the pair could start an up-move that may reach $0.30.BCH/USD. Bitcoin Cash bounced off the 20-day EMA on Oct. 26 and the bulls are currently trying to propel the price above the overhead resistance at $280. If they can pull it off, the altcoin could rise to $300 and then to $326.30.

On the contrary, if the pair rebounds off the current levels, the bulls will once again try to push the price above $13.28 and extend the recovery to $18. The indicators are not giving any clear signals as both moving averages have flattened out and the RSI has dropped close to the halfway mark, suggesting a balance between supply and demand.

If the bears sink the price below the 20-day EMA, the BNB/USD pair may drop to the 50-day SMA. However, the trend remains up as both moving averages are sloping up and the RSI is in the positive territory.

If the DOT/USD pair rebounds off this support, the bulls will again try to propel the price above $5 and reach the overhead resistance at $5.5899.

The pair is likely to pick up momentum after the price sustains above $60.BSV/USD. The bulls purchased the dip to the breakout level of the symmetrical triangle on Oct. 26 but they could not push Bitcoin SV above the $180-$185.14 overhead resistance zone on Oct. 27 and start a new uptrend.

As a result, the BSV/USD pair has again dropped down to the 20-day EMA. If the pair rebounds off the 20-day EMA, the bulls will again attempt to propel the price above the overhead resistance zone.

Conversely, if the bears sink the price below the moving averages, the pair could may to the uptrend line of the triangle and then to $146.20.ADA/USD. The long tail on the Oct. 26 candlestick shows that the bulls purchased the dip to the 50-day SMA. However, the buyers could not build upon this strength and sustain Cardano above the 20-day EMA on Oct. 27.

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