BTC/USDWe were expecting Bitcoin to rally to $5,600 and above it to $5,900 following the breakout above $5,309.
The BTC/USD pair will turn negative if it turns down from the current level and slides below the 20-day EMA. Therefore, we suggest traders keep the stop loss on the remaining long positions at $4,600.
The bulls are trying to defend the 20-day EMA. If they can push the price back above $167.32 quickly, it will indicate buying at lower levels.
Our bullish view will be invalidated if the pair turns around from the current levels or from $187.98 and plummets below the 20-day EMA. Such a move will confirm that the breakout was a bull trap.
For now, traders can retain the stop loss on the remaining long positions at $150.XRP/USDRipple broke below the immediate support of $0.350 and the 20-day EMA on April 11.
The correction stalled at the 20-day EMA. Currently, the bulls are trying to stabilize the price around the 20-day EMA and resume the recovery.
The 20-day EMA is flattening out and the RSI has dropped to just above the midpoint.
The bulls are trying to bounce off the 20-day EMA. If successful, the EOS/USD pair might again move up to the resistance line and if that is crossed the up-move can extend to $6.8299.
BNB/USDBinance Coin broke down of the ascending channel and the 20-day EMA on April 11, but buying on dips has again pushed the price back above the 20-day EMA, which is a positive sign.
After the sharp fall on April 11, the TRX/USD pair is trying to take support close to the 50-day SMA. If the bulls push the price back above $0.02815521, it will be a positive development.
Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 12
gepubliceerd op Apr 12, 2019
by Cointele | gepubliceerd op Coinage
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