Above $5,400, the bulls will again try to carry the price to the overhead resistance zone.
We will wait for the price to sustain above the downtrend line before proposing a trade in it.
BCH/USDBitcoin Cash rebounded sharply from the support at 50-day SMA on April 30 and climbed above the overhead resistance of $255. It is currently facing resistance at the 20-day EMA.The 20-day EMA is flattening out and the RSI has also risen close to 50.
On the upside, the pair will face resistance at $335.62 and above it at $363.30.LTC/USDLitecoin reversed direction on April 30 and broke out of the descending channel and the 50-day SMA. It is facing resistance at $74.6054.
On the other hand, a breakout above $74.6054 will push the price towards $84.3439 and above it to $91.EOS/USDEOS bounced off the 50-day SMA on April 30.
A breakout of this will propel the pair to the stiff resistance of $6.8299.This bullish view will be negated if the price turns down from the current levels and plummets below the uptrend line of the rising wedge.
BNB/USDBinance Coin has been trading just above the 20-day EMA for the past few days.
The failure to push the price higher shows that the BNB/USD pair is not finding buying support at higher levels.
Stellar is currently facing resistance at the 20-day EMA, above which a rally to $0.12039489 is possible.
Traders can buy 50% of their desired allocation on a breakout and close above $0.02815521 and wait for a close above $0.03278079 to buy the rest.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 1
gepubliceerd op May 1, 2019
by Cointele | gepubliceerd op Coinage
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