If the bulls propel the price above the triangle, it will signal the resumption of the uptrend.
The pair will gain momentum on a breakout above $235.70.Conversely, if the price slips below the 20-day EMA, it can again retest the support at $163.755.
If the price sustains above $0.27795, a rally to $0.34229 is possible.
The bearish setup can drag the price to $166.98 and below it to $105. We will wait for a breakout above $360 before recommending a trade in it.
A breakout of this range is likely to signal the start of a new uptrend that can carry the price to $106.7774 and above it to $125. The downtrend will resume on a break below $62.0764-$58 support zone.
We will wait for the price to either show a strong bounce at $18.30 or scale above the 50-day SMA before proposing a trade in it.
EOS/USDEOS broke out and closed above the downtrend line on Sept. 14, which triggered our buy recommended in an earlier analysis.
The bulls will now try to push the price back above both moving averages, which are flattening out.
A breakout of $150 can carry the price to $188.69.Our view will be negated if the BSV/USD pair turns down from the moving averages and plunges below $107. A breakdown of the critical support at $107 might trigger panic selling that can drag the price to $92.933 and below it to $48.64.
The traders can buy on a breakout and close above the 50-day SMA and keep a stop loss of $0.043.Our bullish view will be invalidated if the price fails to sustain above the moving averages and plummets below $0.0433229.
Price Analysis 16/09: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, ADA
pubblicato su Sep 16, 2019
by Cointele | pubblicato su Coinage
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