Price Analysis 29/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

Publicado en by Cointele | Publicado en

The 20-day EMA is flattening out and the RSI has risen from oversold levels to just below 50.

XRP/USD. XRP has managed to stay above the first overhead resistance at $0.22, which indicates some buying by the aggressive bulls.

If the price turns down from the 20-day EMA but finds support at $0.22, it will indicate bottom fishing by the long-term players.

If the price turns down from the current levels and plummets below the recent low of $42.0599, the LTC/USD pair can decline to $36.EOS/USD. EOS is attempting to pullback to the 20-day EMA, which is flattening out.

If the price turns down from the 20-day EMA, the bears will attempt to sink it below the support at $2.4001.EOS USD daily chart.

Conversely, if the bulls can push the price above $16.50, the BNB/USD pair can move up to the 20-day EMA, which is likely to act as a stiff resistance.

If the price fails to sustain above $16.50, a few more days of consolidation are likely.

We will suggest long positions after the pair sustains above $16.50.BSV/USD. Bitcoin SV had been trading just below the 20-day EMA for the past four days.

Though the bulls pushed the price above the 20-day EMA today, they have not been able to sustain it.

TRX/USD. Tron is facing selling close to the 20-day EMA but the positive thing is that the price has not turned down sharply from this resistance.

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