Some of the important signs that Lee pointed out are the increase in trading volume buoyed by investors in Venezuela and Turkey, the breakout of Bitcoin above the 200-day moving average, and an increase in the number of OTC clients and the trading per client.
The upside targets to keep in mind are $225 and above it $256.Our bullish view will be invalidated if the bears sink the pair below the 50-day SMA. If that happens, a drop to the trendline of the ascending triangle is probable.
The pair will show signs of strength if it breaks out of $0.33108 and will pick up momentum above $0.38.
BCH/USDAfter holding the support at $255 for three days, Bitcoin Cash broke below it on April 28.
Our bearish view will be invalidated if the LTC/USD pair reverses direction and breaks out of the 20-day EMA. That will be the first sign that the pair is finding buyers.
The failure to scale above the 20-day EMA has attracted sellers and the price is currently back at the 50-day SMA.If the bears sink the EOS/USD pair below the uptrend line of the wedge, it will complete a bearish pattern that has a target objective of $2.80.
A breakdown of the wedge will complete a bearish pattern that can drag prices to $14. However, if the bulls defend the 20-day EMA, the BNB/USD pair will try to resume the uptrend.
If the bears sustain the price below the uptrend line, Stellar will complete the breakdown of the rising wedge that can drag the price to $0.08 and lower.
The XLM/USD pair will show a sign of strength if the bulls manage to push it above the moving averages and $0.12039489.
TRX/USDAfter the bounce from $0.02094452, Tron has been facing resistance close to the moving averages.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 29
gepubliceerd op Apr 29, 2019
by Cointele | gepubliceerd op Coinage
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