We expect the pullback to face resistance at $151.829 and above it at the 20-day EMA. If the price reverses direction from the overhead resistance and slumps below $131.484, a drop to the next support at $120 is possible.
If the price quickly climbs and sustains above $151.829, it will indicate that the current fall was a bear trap.
We will wait for the price to sustain above $151.829 before turning positive.
If the momentum carries the price above the moving averages, a rally to $0.31508 is possible.
Conversely, if the bulls keep the price above $0.22 during the next fall, it will indicate that the current fall was a bear trap.
If the price turns down from the overhead resistance levels, the bears will attempt to sink the LTC/USD pair below the recent lows.
EOS/USD. EOS has corrected to the critical support at $2.4001.
If the price turns down from this level, the bears will once again try to break below the support at $92.693.
XLM/USD. Stellar is finding support in the $0.056 to $0.051014 support zone.
Our bearish view will be invalidated if the bulls push the price above the 20-day EMA. We will wait for the price to signal a turn around before proposing a trade in it.
Price Analysis 25/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX
Publicado en Nov 25, 2019
by Cointele | Publicado en Coinage
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