The bulls are struggling to sustain the price above $0.29227.
The bears will now try to sink the price below both moving averages.
If the bulls fail to push the price above the 20-day EMA within the next few days, the bears will try to sink Litecoin below $50.The gradually sloping moving averages and the RSI below 50 suggests that bears have the upper hand.
We will recommend a long position after the price breaks out and sustains above the 50-day SMA.EOS/USDEOS has broken down from the immediate support at $2.8129.
If the range expands to the upside and the bulls push the price above the resistance line of the channel, it will indicate a change in trend.
If the bulls can push the price above $90.40, a rally to $107 is possible.
If the price does not scale above $0.066628 within the next few days, the bears will try to sink it below the moving averages.
If the price sustains below the moving averages, a drop to $0.057 and below it to $0.051014 is possible.
Traders can protect their long positions with a stop loss of $0.051.However, if the bulls can propel the XLM/USD pair above $0.066628, a move to the downtrend line and above it to $0.088708 is possible.
We might suggest a long position if the price sustains above $1.0467.On the other hand, if the price turns down from the zone, it can correct to $0.9410.
Price Analysis 18/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, LEO
Publicado en Oct 18, 2019
by Cointele | Publicado en Coinage
Mencionado en este artículo
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