Price analysis 9/16: BTC, ETH, XRP, DOT, BCH, BNB, LINK, CRO, LTC, BSV

Publicado en by Cointele | Publicado en

If the bulls can push the price above $11,700, a rally to $12,460 is likely.

They will now try to push the price above the moving averages.

The first target on the upside is $6.50 and above it $6.8619.BCH/USDBitcoin Cash broke above the $235.05 resistance on Sep.15, but the bulls could not clear the 20-day EMA hurdle, which suggests that the bears are selling on pullbacks to this level.

The BCH/USD pair is at the $235.05 resistance and the bulls will once again attempt to push the price above it.

If they succeed in driving the price above the 20-day EMA, it will increase the likelihood of a rally to $260 and then to $280.Failure to rise and sustain above $235.05 will keep the pair range-bound for a few more days.

The failure to sustain the price above the $32 resistance attracted profit booking by short-term traders and dragged the price down to $26.7123.BNB/USD daily chart.

They will now once again attempt to push the price above the $32-$34 resistance.

If the bulls can quickly push the price back above the uptrend line, it will suggest that they are accumulating at lower levels.

The first sign of strength will be a breakout and close above $13.28 and the uptrend is likely to resume after the LINK/USD pair rises above the downtrend line.

A breakdown of this support will signal the likelihood of a deeper fall to $0.11.However, if the bulls propel the price above the downtrend line, a move to $0.183416 and then to the highs at $0.191101 is likely.