XRP/USDSince breaking down of the support at $0.33108, the bulls have been attempting to keep Ripple above the Dec. 7 low of $0.28600.
ETH/USDEthereum has been trading in a tight range of $83-$102.5 since breaking down of the previous support of $102.2.The RSI has been forming a positive divergence, which increases the possibility of a pullback.
The recovery will gain strength if the price breaks out of $0.13427050.
A break above this can carry the EOS/USD pair to $3.8723.If the next dip doesn't break the low of $1.55, we can confirm that a bottom is in place.
Currently, the bulls are attempting to push the price back above $94. If successful, the BCH/USD pair will continue to trade in the range of $92.13-$115.61.
The first sign of buying will be when the bulls break out and close above $116. In such a case, the pullback can extend to the 20-day EMA. Though the digital currency has a history of vertical rallies, we suggest traders wait for buying to resume before attempting a trade in it.
Trading inside a price range can be volatile, so we shall wait for a break out of the range before recommending a trade in it.
Aggressive traders can wait for the price to close above the 20-day EMA and establish long positions with a short-term target of $40. The stop loss can be placed at $23. The traders should keep the position size at only about 30 percent of usual because it is a countertrend move.
If the digital currency doesn't break down or break out of the triangle within the next few days, the pattern will be invalidated.
In a downtrend, traders should wait for the price to show an uptick before jumping in to buy because positive divergences turn out to be bear traps.
Bitcoin, Ripple, Ethereum, Stellar, EOS, Bitcoin Cash, Bitcoin SV, Litecoin, TRON, Cardano: Price Analysis, Dec. 12
pubblicato su Dec 12, 2018
by Cointele | pubblicato su Coinage
Coinage
Menzionato in questo articolo
Notizie recenti
Vedi tutti
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.