If the ETH/USD pair breaks out of $200, it can move up to $225 and above it to $256. Traders can trail the stops to $165 if the pair sustains above $200 for a day.
If the XRP/USD pair breaks out and closes above $0.33108, it can move up to $0.37835.
The advantage will tilt in favor of the buyers if the BCH/USD pair breaks out of the overhead resistance zone of $335.62-$363.30.
The LTC/USD pair will turn positive if it breaks out and closes above $91, as it will complete a cup and handle pattern.
Conversely, the pair will turn negative if it drops below the support zone of $66.70 and $60.198.
The bulls are currently attempting to defend the critical support at the 50-day SMA.If the BNB/USD pair dives below the 50-day SMA, it will complete a breakdown of the rising wedge pattern that can drag the price to $15 and lower.
Contrary to our assumption, if the XLM/USD pair rebounds sharply from the current support and breaks out of both the moving averages, it will indicate the possibility of a resumption of the recovery.
We will wait for the pair to stop falling and form a reliable bullish pattern before recommending a trade in it.
The ADA/USD pair will complete a reversal pattern on a breakout and close above $0.094256.
If the TRX/USD pair turns down from the resistance of the range, it will extend its consolidation for a few more days.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 8
gepubliceerd op May 8, 2019
by Cointele | gepubliceerd op Coinage
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