BTC/USDBitcoin turned down from the overhead resistance of $4,255 on Dec. 24 and has broken below the 20-day EMA. It is currently trying to stay above the support at $3787.
A break below the 20-day EMA and $0.33108 will weaken the pullback and plunge the digital currency back to the support line of the channel.
Currently, the bulls are trying to hold the 50-day SMA. If successful, we anticipate another attempt to breakout of $167.32.On the other hand, if the ETH/USD pair fails to hold the 50-day SMA, it can slide to the 20-day EMA. If the support holds, we expect the digital currency to enter into a consolidation.
BCH/USDAfter its scintillating run, short-term traders booked profits in Bitcoin Cash close to the 50-day SMA. Currently, the bulls are trying to bounce off the 20-day EMA but are not finding buyers at higher levels.
EOS/USDThe recovery in EOS hit a major roadblock at the 50-day SMA. Currently, the bulls are attempting to hold the 20-day EMA. Below this level the next major support is $2.4050.If one of these supports hold, we can expect another attempt to break out of the 50-day SMA. However, if the bears sink the EOS/USD pair below the supports, it can retest the lows.
Our view will be invalidated if the digital currency plummets below $2.XLM/USDAs the bulls could not sustain the breakout of the 20-day EMA and $0.13427050, Stellar has again dipped back below the 20-day EMA.If the XLM/USD pair does not climb back above $0.13427050 quickly, it can slip back to the Dec. 15 low.
We shall wait for the price to sustain above the 20-day EMA and a new buy setup to form before suggesting any trade in it.
TRON is finding buying support close to the strong support at $0.0183, which is a bullish sign.
We anticipate a strong support at the 20-day EMA. After the recent pullback, the TRX/USD pair might consolidate between the 20-day EMA and $0.025 for a few days.
Currently, the ADA/USD pair is finding support at the 20-day EMA, which is a bullish sign.
Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 26
gepubliceerd op Dec 26, 2018
by Cointele | gepubliceerd op Coinage
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