We expect the digital currency to pick up momentum and rally to $0.45 and above it to $0.565 if it sustains above the zone.
BCH/USDBitcoin Cash has been trading above the 20-day EMA for the past few days.
The bulls will now try to propel the LTC/USD pair to the overhead resistance of $91. A breakout and close above $91 will complete a cup and handle pattern that has a target objective of $158.91.
We will wait for the price to sustain above $91 before recommending a long position in it.
Contrary to our assumption, if the bulls keep the EOS/USD pair above the uptrend line of the wedge, it will again move up to $5.50.
The bulls are presently trying to propel the price back above the uptrend line of the wedge.
If the BNB/USD pair scales above the moving averages, it will indicate that the markets have rejected the breakdown, which is a positive sign.
Any pullback will face resistance at the 20-day EMA and above it at the 50-day SMA. The XLM/USD pair will signal strength if it sustains above the 50-day SMA. Until then, every pullback is likely to be sold into.
TRX/USDAfter failing to sustain above the moving average, Tron plunged close to the first support at $0.02094452.
A break of this level will indicate weakness and can drag the price to the critical support of $0.0183.On the contrary, if the TRX/USD pair rebounds sharply from $0.02094452, the bulls will again try to scale above the moving averages and push the price to the top of the range at $0.02815521.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 10
gepubliceerd op May 10, 2019
by Cointele | gepubliceerd op Coinage
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