BTC/USD. Bitcoin has broken below the small descending channel and the psychological support at $9,000.
The selling has intensified today and the altcoin has plunged below the next support at $235.70.
XRP/USD. XRP plunged below the $0.26362 support on Feb. 25, which triggered our suggested stop loss on the long positions at $0.26.
BSV/USD. Bitcoin SV broke below the critical support at $236 today, which is a huge negative.
If the price sustains below $236, the decline can extend to the next support at $173.66, which was the intraday low made on Jan. 14, when the BSV/USD pair had jumped 144.40% in a single day.
If the bears fail to sustain the LTC/USD pair below the channel, the bulls will make another attempt to push the price above $66.1486.
EOS/USD. EOS has broken below the 50-day SMA and the support at $4.00.
If the bulls fail to push the XTZ/USD pair above the 20-day EMA, the bears will attempt to sink the price back below $2.5263.
The bulls are currently attempting to defend the support at $0.0461161, which is just below the 61.8% Fibonacci retracement level of $0.0475943.
If the price rebounds off the support, it might move up to the downtrend line, which is likely to act as a stiff resistance.
Price Analysis Feb 26: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA
Publicado en Feb 26, 2020
by Cointele | Publicado en Coinage
Coinage
Mencionado en este artÃculo
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.