Price analysis 10/2: BTC, ETH, XRP, BCH, BNB, DOT, LINK, CRO, BSV, LTC

Publicado en by Cointele | Publicado en

This uncertainty could resolve after the price breaks above or below the triangle.

They will now try to push the price above the resistance line of the triangle.

The bulls are likely to defend the support zone aggressively and make one more attempt to push the price above the 20-day EMA and the downtrend line.

The positive sign is that the bulls have not allowed the price to sustain below the 20-day EMA.BNB/USD daily chart.

If the bears can sink the DOT/USD pair below the support zone, a decline to $2.782 and below it to $2 is possible.

If the pair rebounds off the support zone, the bulls will make one more attempt to push the price above the 20-day EMA and the overhead resistance at $4.6112.

If the bears sink the price below $6.90, the downtrend could resume and the next support is at $5.70.

The bulls will have to break the lower high and lower low formation by pushing the price above $11.1990 to signal a possible change in trend.

If they are able to sink the price below this zone, the pair may decline to $100. This bearish view will be invalidated if the pair turns up and sustains above $180.LTC/USD. Litecoin broke above the 20-day EMA on Oct. 1 but could not rise above the downtrend line.

The buyers will once again try to push the price above the downtrend line.

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