The BTC/USD pair is correcting for the past two days but the positive thing is that the bulls have managed to keep the pair above $11,178.
If the bulls buy the dips to the moving averages, the ETH/USD pair may make one more attempt to rise above $395. If they succeed, the pair could start a rally that may reach the recent highs at $488.134.
If the pair rebounds off this support, the bulls will make one more attempt to drive the price above $395. In contrast, if the price slips below the uptrend line, it could keep the pair range-bound for a few more days.
XRP/USD. The bulls could not thrust XRP above $0.26 the inverse head and shoulders pattern did not complete.
Conversely, if the XRP/USD pair rebounds off the 20-day EMA, the bulls will make one more attempt to push the price above the overhead resistance.
They will make one more attempt to drag the price back below $242 and the 20-day EMA. If they can pull it off, it will indicate that the current breakout was a bull trap.
If the bears fail to sink the price below $29.5646, the bulls will again try to drive the price to $33.3888.
If the bulls drive the price above the 50-day SMA, the LINK/USD pair could rally to $13.28 and if this resistance also gets taken out, the up-move can reach $18. Conversely, if the pair turns down from the current levels and plummets below the 20-day EMA, it will indicate weakness.
If the pair rebounds off the 20-day EMA, the bulls will again try to push the price above the neckline.
In this case, if the bulls can thrust the price above the resistance zone, a new uptrend could begin that may reach $64. This positive view will be invalidated if the bears sink the LTC/USD pair below the 20-day EMA.BSV/USD. Bitcoin SV has been trading just above the 20-day EMA for the past two days with the bears trying to break the support and bulls attempting to defend it.
Price analysis 10/14: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, BSV
Publicado en Oct 14, 2020
by Cointele | Publicado en Coinage
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