If the price sustains above the downtrend line, it can move up to $4,255.
Repeated tests of a support level weaken it if the price slides to $0.27795 within the next few days, we expect it to be broken.
If the EOS/USD pair turns down from current levels and slides below the moving averages, it will lose momentum.
A break down of this level can plunge the pair to $1.7746 and below it to $1.55.BCH/USDBitcoin Cash broke out of the 20-day EMA on Feb. 8 but the bulls failed to build up on it.
The price has corrected back to the breakout levels in the past two days.
If the BCH/USD pair re-enters the range, it can drop to $105. However, if the bulls bounce off the current levels, the pair will again try to move up to the next overhead resistance at $141. The flattish moving averages and the RSI close to the 50 levels points to a range bound trading in the near-term.
BNB/USDBinance Coin extended its up move over the weekend.
Our bullish view will be invalidated if the BNB/USD pair dips below $6.BSV/USDBitcoin SV could not break out of the 20-day EMA for the past three days, which is a negative sign.
If the price turns down from the current levels and breaks below $57, a drop to the low at $38.528 is probable.
Depending on the strength of the rebound from current levels, we might suggest long positions above the 50-day SMA, but until then, we suggest traders remain on the sidelines.
Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, TRON, Stellar, Binance Coin, Bitcoin SV: Price Analysis, Feb. 11
gepubliceerd op Feb 12, 2019
by Cointele | gepubliceerd op Coinage
Vermeld in dit artikel
Crypto News From Brazil: Week in Review
Last week, Brazilian authorities took regulatory action against crypto-related businesses and several alleged cryptocurrency scams.
Brave Expands Crypto Tipping to Reddit and Vimeo After Twitter
Blockchain-based internet browser Brave has continued expanding its crypto tipping option by integrating it into Reddit and Vimeo.
After Switzerland Visit, Crypto Concerns Remain for US Regulators
Following a visit to Switzerland to meet with the country's financial regulators, United States lawmakers are still concerned over Facebook's proposed cryptocurrency project, Libra.
Top-5 Crypto Performers: ETC, IOTA, ADA, TRX, XLM
Can we spot any buying opportunities in the top five performers of the past week? Let's find out.