The bears have dragged Ether back below $395 but the bulls are attempting to keep the price above the 20-day EMA. If the ETH/USD pair rebounds off the 20-day EMA and rises above $400, it will suggest strong accumulation at lower levels.
XRP/USD. The failure of the bulls to push XRP above the $0.26 resistance in the past few days may have attracted profit booking by the short-term traders.
The altcoin has broken below the 20-day EMA and is currently attempting to stay above the 50-day SMA. If the XRP/USD pair rebounds off the 50-day SMA, the bulls will make one more attempt to push the price above $0.26.
The bulls will then again try to push the price above the overhead resistance at $280. If they succeed, the rally may extend to $300 and above it to $326.30.
The bulls are currently attempting to push and sustain the price above the overhead resistance at $4.6112.
If the buyers can manage to sustain the price above $4.6112, the momentum is likely to pick up.
In such a case, the bulls will again try to resume the up-move by driving the price above $60. If they succeed, the pair could rally to $64 and then to $68.9008.
This bullish view will be invalidated if the bears sink the pair below the breakout zone of $51-$52.36.BSV/USD. Bitcoin SV broke above the symmetrical triangle on Oct. 24 but the bulls could not build up on the strength and push the price above the overhead resistance at $180.63.
On the contrary, if the BSV/USD pair rebounds off the 20-day EMA, the bulls will make one more attempt to push the price above $180.63.
ADA/USD. Cardano has broken down of the support line of the rising wedge pattern and the 20-day EMA. The bulls are currently attempting to defend the support at the 50-day SMA. If the ADA/USD pair rebounds off the current levels, the bulls will make one more attempt to drive the price above $0.1142241.
Price analysis 10/26: BTC, ETH, XRP, BCH, LINK, BNB, DOT, LTC, BSV, ADA
Publicado en Oct 26, 2020
by Cointele | Publicado en Coinage
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