If the price breaks out to the upside, it will indicate that the current consolidation period was used by the bulls to accumulate.
If the bulls can push the price above the range, a move to the downtrend line of the symmetrical triangle is possible.
Conversely, if the bulls fail to scale the resistance zone, the bears will attempt to sink the ETH/USD pair to $164. A break below this support can drag the price to $152. Therefore, for now, aggressive traders can retain the stops on their long position at $160. We will suggest trailing the stops to $175 after the price rises above $200.XRP/USDXRP bounced off the moving averages on Oct. 12 and is currently attempting to break out of the overhead resistance at $0.29227.
If buyers can push the price above $0.29227 and sustain it, a rally to $0.34229 is probable.
Contrary to our expectation, if the bulls fail to sustain the price above $0.29227, the XRP/USD pair might remain range-bound between $0.220 to $0.29227 for a few more days.
On the other hand, if the bulls propel the price above $241.85, a pullback to the neckline is possible.
The bulls will again attempt to push the price above the 20-day EMA. If successful, a move to the downtrend line of the falling wedge pattern is likely.
The LTC/USD pair will turn negative on a break below the recent lows of $50. We will wait for the price to break out and close above the downtrend line before turning positive.
If the price sustains above the 50-day SMA, a rally to $4.24 and above it to $4.8719 is possible.
The bulls will now try to push the price above the overhead resistance of $0.064886.
Price Analysis 14/10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX
pubblicato su Oct 14, 2019
by Cointele | pubblicato su Coinage
Menzionato in questo articolo
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