The target objective on the EOS/USD pair remains at $4.4930.Our bullish assumption will be invalidated if the bears reverse direction sharply and push the price back below $3.2081.LTC/USDAfter inching higher for the past three days, Litecoin finally broke out of the overhead resistance at $47.2460.
The LTC/USD pair will turn bearish if it breaks down from the critical support at $27.701.BCH/USDAfter staying close to $121 for the past six days, Bitcoin Cash has started its journey northwards.
Traders can buy on a close above $141 and keep the stop loss below the recent lows of $116. The first level to watch on the upside is $163, above which the up move can extend to $175. The BCH/USD pair might consolidate or correct closer to $175. However, the pair has a history of vertical rallies.
If the bulls pierce through $175, it will open the door for a rally to $220.All our bullish expectations will be negated if the pair turns down from $141. The trend will turn negative if the bears sink the virtual currency below $103.TRX/USDThe bulls are attempting to stabilize TRON for the past five days but are facing resistance at the 50-day SMA. The moving averages are on the verge of a bearish crossover, which will indicate weakness.
A breakout above the 20-day EMA can carry it to the downtrend line and above it to the 50-day SMA. But as the digital currency has not participated in the recent pullback, we will wait for it to form a bullish setup before suggesting a trade in it.
Contrary to our expectation, if the XLM/USD pair fails to scale above the overhead resistances, it will enter into a consolidation.
Still, if the price sustains above $10, it will signal strength.
A consolidation between $10 to $12 will be bullish for the BNB/USD pair because a breakout can push it to $15 and above it to $18.Conversely, if the pair turns down from the current levels and breaks below the 20-day EMA, it can slide to the 50-day SMA, which is a critical support.
BSV/USDBitcoin SV has broken out of the 20-day EMA. This had been a major roadblock since Jan. 3 and the price had repeatedly turned down from it.
The BSV/USD pair is currently facing resistance at $71.412 and the 50-day SMA. Traders can initiate a long position on a close above the 50-day SMA, with a target objective of $102.580.The failure of the bears to capitalize on the weakness and sink the price below $57 shows demand at lower levels.
Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, TRON, Stellar, Binance Coin, Bitcoin SV: Price Analysis, February 18
gepubliceerd op Feb 18, 2019
by Cointele | gepubliceerd op Coinage
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